(Los Altos Hills, CA – March 10, 2015) – We are disappointed that Prime Healthcare has decided not to go forward with the purchase of our hospitals. We strongly disagree with Prime’s position on the Attorney General conditions. We are confident that Prime could successfully turn around the DCHS hospitals.
We remain committed to finding the best solution for our patients, communities we serve, physicians, employees, retirees and creditors. We recognize that time is of the essence as we navigate these challenging financial obstacles. Over the coming days, we have difficult decisions to make and we will communicate those decisions after we have a chance to consult with our advisors, boards of directors and the Daughters of Charity.
View the press release by the Daughters of Charity Health System here.