LOS ALTOS HILLS, Calif.--(BUSINESS WIRE)--Daughters of Charity Health System (DCHS) has submitted a comprehensive application to California Attorney General Kamala Harris requesting her consent to transfer control of the DCHS hospitals to Prime Healthcare Services.
Portions of the application, including the Definitive Agreement with Prime Healthcare and DCHS’s thorough study of all its options, can be located on the DCHS website, www.dochs.org.
The DCHS Board of Directors approved the sale of its six California hospitals and medical foundation to Prime Healthcare Services and Prime Healthcare Foundation (Prime Healthcare) of Ontario, CA., thus ensuring that the hospitals continue to provide essential health services in their communities. The announcement of the sale to Prime Healthcare was made on Oct. 10.
“Our sale to Prime Healthcare will strengthen the DCHS health facilities by bringing them into a large, well-resourced hospital system offering economies of scale, turn-around experience and committed capital,” said DCHS President and CEO Robert Issai. “We are making our application available to the public to demonstrate that the process followed by DCHS was full and fair and that the final decision by the DCHS Board to select Prime Healthcare was based on careful deliberations and promises to secure a viable future for our hospitals.”
Details of the transaction include:
- Prime has committed to invest at least $150 million of much-needed capital to revitalize the DCHS facilities.
- Prime has promised to keep acute care services open without any restriction on the type or level of medical services provided by the health facilities after the closing.
- Prime has committed to continue charity care at historical levels and to fund pastoral services.
- The transaction with Prime would also enable the DCHS Board to meet one of its foremost goals: to find a successor to assume and fund the DCHS pension plans covering more than 16,000 present and former DCHS employees.
The Attorney General has the power and duty to protect access to health care services when control of nonprofit health facilities changes. Thus, the Attorney General provides formal opportunities through public hearings for individuals to speak their minds. Public hearings will be held in the communities served by DCHS hospitals. For more information, visit www.dchsprime.com.
About Daughters of Charity Health System
Daughters of Charity Health System (DCHS) is a regional health system spanning the California coast from the San Francisco Bay Area to Los Angeles. Our organization includes: Seton Medical Center, Daly City; Seton Coastside, Moss Beach; O'Connor Hospital, San Jose; Saint Louise Regional Hospital, Gilroy; St. Vincent Medical Center, Los Angeles; St. Francis Medical Center, Lynwood; and the DCHS Medical Foundation based in San Jose. DCHS was formed in 2002 in response to the health care needs of the people of California. Every day, more than 8,000 associates and physicians serve patients and their loved ones, providing quality, compassionate care – body, mind and spirit. For more information, visit www.dochs.org.
