The following comes from a December 15 Catholic San Francisco article:

Daughters of Charity Health System has closed a transaction with BlueMountain Capital Management/Integrity Healthcare and created Verity Health System, saving the system’s six financially troubled hospitals.

The transaction, approved by California Attorney General Kamala Harris December 3, preserves the system’s mission of care while protecting labor agreements and pensions for thousands of current and former employees, Daughters announced December 14.

Under the terms of the transaction, BlueMountain is contributing up to $260 million of capital and sponsoring Integrity, an entity owned by BlueMountain to manage Verity’s six California hospitals and medical foundation.