News Headlines Article

Seton hospital sale approved: Transaction can save Daughters of Charity from bankruptcy
San Mateo Daily Journal

State Attorney General Kamala Harris has tentatively approved a transaction that will allow the sale of six Daughters of Charity hospitals, including Seton Medical Center in Daly City and Seton Coastside in Moss Beach.

Harris said it the largest and most complex hospital transaction in California history.

Under the agreement, Integrity Healthcare and certain funds managed by BlueMountain Capital Management will execute a 15-year management agreement and will pay $100 million for the option to purchase the Daughters of Charity Health System, Harris announced Thursday.