Verity Health System Agrees To Sell Four Hospitals To KPC Group For $610 Million

El Segundo, California-based non-profit Verity Health System (Verity) recently agreed to sell four hospitals to KPC Group for $610 million. The offer—which is pending on potential other bidders making better offers—follows news from last summer that the health system had filed for chapter 11 bankruptcy due to financial losses and debt.

The hospitals involved in the transaction include: Seton Medical Center in Daly City; Seton Coastside in Moss Beach; and St. Francis and St. Vincent medical centers in Los Angeles county. Verity is also attempting to complete the sale of two of its other hospitals—O . . .