The nonprofit owner of St. Vincent Medical Center near downtown Los Angeles has asked a bankruptcy court for permission to shut down the facility after a bid to sell the struggling hospital fell through, the Los Angeles Times reported. Verity Health System, which announced the move yesterday, promised an orderly transfer of patients and services, including transplants and dialysis, to nearby facilities including Good Samaritan and Providence St. Joseph’s. St. Vincent reported in its bankruptcy petition that it had 1,099 employees. Verity will continue to operate St. Francis Medical Center in Lynwood, as well as Seton Medical Center and Seton Coastside in San Mateo County, which had been included in the proposed sale, the company said.Last April, a bankruptcy court approved a $610-million bid from Corona-based KPC Group to acquire the four Verity hospitals. KPC missed a closing deadline in early December, according to Verity, which has filed a lawsuit over the alleged breach, claiming “intentional and misleading conduct.” Read more.
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