Chief Healthcare Executive July 4, 2024
The state’s attorney general brokered an agreement with UCSF Health on its acquisition of two hospitals from CommonSpirit Health. UCSF Health will invest $430M in capital improvements.
The California attorney general’s office has reached a settlement with UCSF Health over its purchase of two San Francisco hospitals from CommonSpirit Health.
Under the settlement, UCSF Health will commit at least $430 million in capital investments into the facilities. USCF Health will also guarantee that the system will continue to operate both facilities as acute care hospitals with the same levels of services and staffing for a minimum of 10 years, among a host of other conditions.
UCSF Health is purchasing Saint Francis Memorial Hospital and St. Mary’s Medical Center from Dignity...
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