Founded 2002 | Subsidiaries O'Connor Hospital | |
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Verity Health System (formerly Daughters of Charity Health System, or DCHS) is a healthcare organization based in Redwood City, California, United States, that operates six hospitals in California. The organization has 8,000 associates and physicians.
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History
The hospitals were originally sponsored by the Western Province of the Daughters of Charity of Saint Vincent de Paul and were part of the Daughters of Charity National Health System, now Ascension Health. In 1995, they withdrew from the national system to merge with Catholic Healthcare West (CHW), now Dignity Health. The present organization was formed on January 1, 2002, after the hospitals withdrew from CHW.
After ending a one-year affiliation with Ascension Health in January 2014, DCHS faced financial difficulties, losing $10 million a month. On October 10, the Daughters of Charity agreed to sell DCHS to Prime Healthcare Services for $843 million. Prime Healthcare abandoned the acquisition on March 10, 2015, citing restrictions that California Attorney General Kamala Harris placed on the sale. In December 2015, DCHS announced a deal where they would become managed by a for-profit company owned by BlueMountain Capital and change their name. The hospitals remained nonprofit but are no longer Catholic.