Verity Health granted court approval of $235 million hospital sale

By Caroline Salls

Pittsburgh, Dec. 28 – Verity Health System of California, Inc. received court approval of the $235 million sale of Saint Louise Medical Center and O’Connor Medical Center and related assets to the County of Santa Clara, Calif., according to an order filed Dec. 27 with the U.S. Bankruptcy Court for the Central District of California.

The company said no other qualified bids were received, so the auction was cancelled.

Verity is a Los Angeles-based nonprofit health care system. The company filed bankruptcy on Aug. 31 under Chapter 11 case number 18-20151.

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