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.
Not too long ago,all the crucifixes were removed and all the statues of Jesus and the Blessed Mother and the saints were carried out of Seton Medical Center here in Daly City.Many hospital staffers are Filipino,and most of them were in tears.Yes,there’s still a hospital to provide much needed care to the community but the chapel is now a meditation room and the Blessed Sacrament was taken away.
I hope and pray that this deal will permit the Sisters to maintain their Pro-Life policies, and to continue offering support to women with unplanned pregnancies.
Strange headline. The hospitals will remain but they will lose their Catholic character, as weak as it was, and ownership. Some charity care remains, but in the Daughters of Charity system of hospitals will be no more.
It is more than tragic that most Catholic hospitals are no longer Catholic. Because of the dedicated and holy nuns, many converts were made because of the good sisters. Some trivia: did you know the IHM nuns had a hospital in Victorville, CA ? Unfortunately, because of the liberal poisoning of this congregation, most IHM sisters remarked that IHM means ‘I Hate MacIntyre’ This is very sad, but true.