Unusual Controversial Deal Between Financially Troubled Hospital And New York Hedge Fund

December 15, 2015 12:55 PM

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The financially troubled Daughters of Charity Health System has completed its controversial deal to transfer six hospitals to the control of a New York City-based hedge fund.The six facilities — including Daly City’s Seton Medical Center, Seton Coastside in Moss Beach, San Jose’s O’Connor Hospital, Gilroy’s Saint Louise Regional Hospital and two safety-net hospitals in Los Angeles — will be controlled by Blue Mountain Capital and its Integrity Healthcare subsidiary.

Financially troubled Daughters of Charity Health system announced on Monday that it has inked an unusual and controversial deal with a New York hedge fund.

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