California Attorney General Xavier Becerra conditionally approved the sale of 2 California medical facilities to for-profit medical facility operator AHMC Healthcare on July 27..
Under the offer, Verity would offer Seton Medical Center in Daly City, Calif., and Seton Coastside in Moss Beach, Calif., to AHMC for $40 million..
As part of the charity care requirement, Mr. Becerra stated AHMC requires to cover in complete take care of individuals who are uninsured or make at or below 250 percent of the federal poverty line..
Alia Paavola –
Tuesday, July 28th, 2020
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El Segundo, Calif.-based Verity Health, which entered Chapter 11 insolvency in 2018, reached an offer to offer the 2 healthcare facilities in April..
In addition, AHMC must make safety improvements to the facilities and keep access to womens health care services for 5 and a half years..
” As the COVID-19 public health crisis continues to install, its essential that California communities have access to lifesaving health center care,” stated Mr. Becerra. “Thats why the conditions we have actually attached to the proposed sale of Seton focus on enhancing care and services at the facilities– increasing the amount of charity care, the advantages to the community and investment in enhancements for the facilities.”.
Mr. Becerra approved the deal so long as AHMC meets particular conditions, consisting of that it will keep the medical facilities open a minimum of 5 and a half years after the sale. In addition, AHMC would require to use more than $1 million in charity take care of the surrounding community in the next 6 fiscal years..
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