United States Bankruptcy Court Central District Of California Los Angeles Division
Jacob Nathan Rubin, MD, FACC has been appointed as the Patient Care Ombudsman (“PCO”) under Section 333 of the Bankruptcy Code in the Chapter 11 bankruptcy cases of Verity Health System of California, Inc., O’Connor Hospital, Saint Louise Regional Hospital, St. Francis Medical Center, St. Vincent Medical Center, Seton Medical Center, St. Vincent Dialysis Center, Inc., and Verity Medical Foundation (collectively, “Debtors”).
Verity Health System Enters into Asset Purchase Agreement
Verity Health System of California, Inc. (“Verity Health”), a nonprofit healthcare system, today filed a motion in the U.S. Bankruptcy Court in Los Angeles seeking bankruptcy court approval of a procedure to obtain bids leading to a potential auction of its hospitals in Santa Clara County. The process is being led by an asset purchase agreement with the County of Santa Clara (“the County”) where the County’s offer serves as an initial “stalking horse bid” to acquire O’Connor Hospital in San Jose, Calif. and Saint Louise Regional Hospital in Gilroy, Calif.
Verity Health System Files for Protection Under Chapter 11
Verity Health System of California, Inc. (“Verity Health,” or “Verity,” or “the System”), a nonprofit healthcare system, today filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Central District of California – Los Angeles Division.
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