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Health Care & Hospital Law

Dec. 8, 2015

Hospital chain deal gets approval, with conditions

After several months, Attorney General Kamala Harris has again approved a possible sale of the Daughters of Charity Health System, but with a list of demands that a previous buyer walked away from.

By Banks Albach
Daily Journal Staff Writer

Now that Attorney General Kamala Harris has approved an agreement between the cash-strapped Daughters of Charity Health System hospital chain and BlueMountain Capital Management LLC, the New York hedge fund must decide if it can stomach the list of Harris' conditions.

They hew closely to the framework she imposed on Prime Healthcare Services Inc. earlier this year, a deal that ultimately fell ...

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