Seton Medical Center, the 127-year-old Daly City, Calif., hospital, was on the verge of potential closure after a deal to buy the hospital from its bankrupt owner fell apart last month. Now it’s in talks to be sold to another buyer, according to the president of the hospital’s medical staff, the San Francisco Chronicle reported. Seton and Seton Coastside, a smaller affiliated facility in Moss Beach, may soon be acquired by Apollo Medical Holdings and AHMC Healthcare, a Southern California health management company, said Dr. Robert Perez, who oversees the hospital’s physicians and is knowledgeable about the discussions. Verity Health System, Seton’s current owner, declined to say whether it is talking to prospective buyers, saying only that it is “actively working on many options.” Apollo did not immediately return a request for comment. A deal could take several weeks to close and would have to be approved by the judge overseeing bankruptcy proceedings for Verity, which filed for chapter 11 bankruptcy in 2018. Seton, which serves many low-income and elderly patients — and is Daly City’s largest employer, with 1,200 employees and 350 doctors and nurse practitioners — was at risk of closing within two months if another potential buyer had not come forward, Perez said.
