Daughters of Charity Health System Closes Transaction with BlueMountain Capital Management

Closing Preserves Mission of Care, Union Contracts and Worker Pensions (Los Altos Hills, CA – December 14, 2015) – Daughters of Charity Health System (DCHS) has closed the transaction with BlueMountain Capital Management (BlueMountain)/Integrity Healthcare (Integrity) and has created Verity Health System (Verity) that was approved by California Attorney General Kamala Harris on December 3, 2015, saving the six financially-troubled …

Notices for Daughters of Charity Health System (Involving BlueMountain Capital Management, LLC)

Proposed Change in Control and Governance The Attorney General is reviewing the proposed change in control and governance of Daughters of Charity Health System, a California nonprofit religious corporation. Through sole membership, Daughters of Charity Health System controls the nonprofit religious corporations that own and operate the following California health facilities: St. Vincent Medical Center, a 366 licensed bed, general …

Daughters of Charity Health System Information Regarding BlueMountain Transaction

Daughters of Charity Health System (DCHS) today issued a statement clarifying certain terms of the transaction involving BlueMountain Capital Management (BlueMountain). The DCHS Board of Directors last week announced the selection of BlueMountain, a private investment firm, to recapitalize its operations. Under the transaction, the 2005 Bonds will remain outstanding under the existing terms and the 2014 Bonds will be …

Daughters of Charity Health System Board Selects BlueMountain to Recapitalize Six DCHS Hospitals and Medical Foundation

Transaction Infuses Over $250 Million of Capital, Maintains Non-Profit Status, Ensuring Hospitals’ Future (Los Altos Hills, CA –July 17, 2015) – The Daughters of Charity Health System (DCHS) Board of Directors has selected BlueMountain Capital Management (BlueMountain), a private investment firm to recapitalize its operations. BlueMountain is contributing over $250 million of capital and is sponsoring Integrity Healthcare to manage …

Daughters of Charity Health System Hospitals Nationally Recognized for Stroke Care

(Los Altos Hills, CA – May 28, 2015) – Daughters of Charity Health System hospitals are leading the way in stroke care. Seton Medical Center in Daly City, CA and O’Connor Hospital in San Jose, CA, each received the American Heart Association/American Stroke Association’s Get With The Guidelines®-Stroke Gold Plus Quality Achievement Award. St. Francis Medical Center in Lynwood, CA …

St. Vincent Medical Center Excels in Patient Safety

Awarded an “A” in Spring 2014 Hospital Safety Score LOS ANGELES, CA, May 8, 2014 – Designed to rate how well hospitals protect patients from accidents, errors, injuries and infections, the latest Hospital Safety Scorehonored St. Vincent Medical Center with an “A” – its top grade in patient safety. The Hospital Safety Score is compiled under the guidance of the …

DCHS Recognized by QUEST for Quality Patient Care

Hospitals in Premier, Inc. collaborative save $11.65 billion and 136,375 lives QUEST® members outpacing national averages for costs and mortality; reducing readmissions and harm  CHARLOTTE, N.C. (February 13, 2014) — Hospitals in Premier, Inc.’s (NASDAQ: PINC) QUEST®collaborative saved approximately $11.65 billion and avoided 136,375 deaths using the alliance’s proven methodology and integrated analytics to set new standards of healthcare excellence.  While national hospital …

Daughters of Charity Health System Seeks Buyer

LOS ALTOS HILLS, California – (January 13, 2014) – The Daughters of Charity Health System (DCHS) Board of Directors announced today its decision to solicit proposals from Catholic, public, non-profit and for-profit organizations to purchase DCHS hospitals individually or the health system in its entirety. This decision follows a lengthy process during which DCHS leadership carefully reviewed its options to preserve …