Daughters of Charity Finalizes $260 Million Deal with Hedge Fund

December 16, 2015 1:11 PM

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Daughters of Charity Finalizes $260 Million Deal with Hedge Fund

Daughters of Charity Health System (DCHS) on Monday announced that it has signed a deal with BlueMountain capital Management. The finalization of this deal puts Daughters of charity under the management of a hedge fund.

The announcement has come almost 11 days after California Attorney General Kamala Harris gave it an approval on December 3, 2015.

Also read: Cigna to Give Each Employee Five Shares of Stock

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