August 13, 2020 - Verity Health System of California (El Segundo, CA) won bankruptcy court approval to sell 384-bed St. Francis Medical Center (Lynwood, CA) to Prime Healthcare Services (Ontario, CA). The sale happened in spite of objections for the California Attorney General Xavier Becerra and a last-minute attempt from an opposing bidder to block the sale. Verity said … [Read more...]
Prime Healthcare Services receives conditional approval to purchase St. Francis Medical Center
July 21, 2020 – Prime Healthcare Services (Ontario, CA) has received conditional approval from California state Attorney General Xavier Becerra to purchase St. Francis Medical Center (Lynnwood, CA) out of bankruptcy. It was one of six hospitals owned by Verity Health System (El Segundo, CA), which filed for bankruptcy protection in August 2018. Four of those hospitals have … [Read more...]