Prime Healthcare pulls offer for struggling hospitals in California

March 10, 2015 11:25 PM

17 0

SAN FRANCISCO (Reuters) - Prime Healthcare Services said on Tuesday it has withdrawn its offer to buy the Daughters of Charity Health System in California due to conditions imposed by the state, a move the struggling hospital chain said could force it into bankruptcy.

The non-profit hospital chain will attempt to find another buyer while considering a bankruptcy filing, said Chief Executive Officer Robert Issai. "Bankruptcy will be on the table," he said.

Read more

To category page