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 …

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 …

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 …

Business Journal Interviews DCHS Medical Foundation Chief Medical Officer

Silicon Valley Business Journal publisher, James MacGregor led a roundtable discussion with DCHS Medical Foundation and Daughters of Charity Health System physicians, directors and managers. Topics included the recent trends in emergency and urgent care, electronic medical records and healthcare reform. Read excerpts from the interview.

DCHS Medical Foundation Opens Urgent Care Center in San Jose

San Jose, CA – August 7, 2013 – The Urgent Care Center at O’Connor Hospital is now open. The Center, located at 455 O’Connor Drive, Suite 150, in San Jose, is operated by the DCHS Medical Foundation, member of Daughters of Charity Health System. The Center is located adjacent to O’Connor Hospital, also a member of Daughters of Charity Health …

DCHS Medical Foundation Announces New Affiliations

San Jose, CA (July 19, 2013) – The Daughters of Charity Health System (DCHS) Medical Foundation acquired the assets of Samaritan Family Practice in San Jose on July 1, 2013. The medical group comprises five physicians trained to provide primary health care and services, including routine adult and child physical exams, newborn guidance, gynecological preventive care, and podiatric care. Members of …