A federal bankruptcy judge has rubber-stamped a $40 million offer from AHMC Healthcare Inc. to acquire two hospitals in the San Francisco area and use them to treat coronavirus patients, WSJ Pro Bankruptcy reported. Bankruptcy Judge Ernest M. Robles said yesterday that he would approve AHMC’s purchase of Seton Medical Center in Daly City, Calif., and sister facility Seton Coastside in Moss Beach, Calif., from their bankrupt owner, Verity Health System of California Inc. AHMC has agreed to keep both facilities open and assume care of Covid-19 patients. Judge Robles also has approved the sale of two Verity hospitals in the Los Angeles area in recent weeks. Verity has been trying to sell its collection of California hospitals since filing for chapter 11 in 2018. State authorities have turned to Verity for help in battling the coronavirus, offering to pay to use its Seton Medical Center and to lease space at St. Vincent Medical Center in Los Angeles. Last week, Verity closed the $135 million sale of St. Vincent to Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times. St. Vincent is now operating as a surge hospital for the city as California fights the pandemic.
