Six California hospitals to cease being Catholic

BlueMountain will recapitalize the hospital chain

The following comes from a July 30 National Catholic Reporter article by Monica Clark: The struggling Daughters of Charity Health System, which owns six hospitals in California, has accepted a proposal by BlueMountain Capital Management to provide over $250 million to “recapitalize” the hospital chain. In doing so, Daughters of Charity will transfer control of the hospitals … [Read more...]

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