Wednesday, January 7, 2015

Seton Hospital sale, public meetings, and letter comments

San Jose Mercury News/Lifestyles/David E. Early and Tracy Seipel, Staff writers, 1/7/14."First public meeting over hospital chain sale in San Jose on Wednesday."

Seton Medical Center, Daly City
....  "In October, Prime won the bid to buy the Daughters chain, which operates O'Connor Hospital; Saint Louise Regional Hospital in Gilroy; Seton Medical Center in Daly City, Seton Coastside in Moss Beach and two hospitals in Los Angeles. Harris has until Feb. 6 to endorse or reject the sale to Prime.

Under the proposed terms that Prime and Daughters had jointly laid out, Prime would keep the six hospitals open for at least five years, maintain their charity care, assume about $350
million in pension debt and spend $400 million to pay off the chain's tax-exempt bonds and certain other liabilities. Prime also promised to spend $150 million to update the facilities and equipment and keep as many of the system's 7,600 jobs as possible."   Read article.

Seton Hospital sale public meetings:  
Friday, January 9, 2014, 10 a.m., Seton Coastside 600 Marine Blvd., Moss Beach.  
Friday, January 9, 2014, 1 p.m, City of Daly City's Merced Room 145 Lake Merced Blvd., Daly City.
Monday, January 12, 2014, deadline to mail or email written comments to the State Attorney General's Office:  to, or mail:  Scott Chan, Deputy Attorney General, 455 Golden Gate Avenue, Suite 11000, San Francisco, CA 94102.

Reference Midcoast Community Council.  "The California Attorney General (AG) is reviewing the proposed change in control and governance of Daughters of Charity Health System, a California nonprofit religious corporation, that owns and operates Seton Medical Center and Seton Medical Center Coastside.  The proposed new owner is Prime Healthcare Services Inc., a for-profit Delaware corporation. (Document links). " 

Note photograph by John G., #11 from Yelp.

Posted by Kathy Meeh

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