Cal­i­for­nia At­tor­ney Gen­eral Ka­mala Har­ris granted con­di­tional ap­proval al­low­ing a pri­vate-eq­uity firm to take over the Daugh­ters of Char­ity Health Sys­tem.

Modern Healthcare - - LATE NEWS -

But she once again im­posed hefty re­quire­ments on the trans­ac­tion. The Los Al­tos Hills­based sys­tem needs a buyer to re­main sol­vent and has al­ready seen one deal fall through.The lat­est ap­proval terms re­quire Blue­Moun­tain Cap­i­tal Man­age­ment to main­tain the sys­tem’s es­sen­tial ser­vices for at least 10 years. That con­di­tion was one of the deal break­ers for Prime Health­care Ser­vices, the first for-profit suitor that tried to buy Daugh­ters.

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