Prime urged to keep California hospitals open 10 years

December 25, 2014 11:30 PM

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California regulators should condition the sale of six nonprofit Catholic hospitals on a commitment to keep the facilities open for 10 years, a state-commissioned consultant recommended.

Prime Healthcare Services Inc. has pledged to keep the financially struggling Daughter of Charity Health Systems hospitals open at least five years and maintain existing services. The for-profit chain has also agreed to assume about $350 million in pension debt, retire about $400 million in other de...

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