December 21, 2014 12:39 AM ET

Healthcare Providers and Services

Company Overview of Daughters of Charity Health System

Company Overview

Daughters of Charity Health System operates a network of hospitals and medical centers in California. It offers cancer care, emergency, family, family medicine residency program, heart care, imaging, laboratory, nuclear medicine, orthopedics and joint replacement, palliative care, radiation therapy, rehabilitation and sports therapy, spine care and pain management, spiritual care, social, stroke care, sub acute care, vascular, wound care and hyperbaric medicine, breast care, maternal child health, nutrition counseling, minimally invasive surgery, oncology, pulmonary rehabilitation, sinuplasty, and surgical services. The company also provides women’s health, diabetes, gastroenterology laborat...

26000 Altamont Road

Los Altos Hills, CA 94022-4317

United States

Founded in 2002

Phone:

650-917-4500

Fax:

650-941-6309

Key Executives for Daughters of Charity Health System

Chief Executive Officer
Age: 59
Chief Financial Officer
Chief Executive Officer of St. Francis Medical Center and President of St. Francis Medical Center
Chief Executive Officer of St. Vincent Medical Center and President of St. Vincent Medical Center
Chief Executive Officer of Seton Medical Center and President of Seton Medical Center
Compensation as of Fiscal Year 2014.

Daughters of Charity Health System Key Developments

Daughters of Charity Evaluates Buyers

Daughters of Charity Health System continues to evaluate buyers from among the seven qualified competitors who have stepped forward. Daughters of Charity plans to accept and begin reviewing last, best and final offers for their health system on September 12, 2014.

O'Connor Hospital Inc And Saint Louise Regional Hospital Being Eyed For Acquisitions

Santa Clara County officials indicated an interest in acquiring O'Connor Hospital Inc and Saint Louise Regional Hospital, they couldn't do so without making a financially ruinous contribution to the systemwide pension fund, Service Employees International Union (SEIU) officials said.

Prime Denies Interest In Daughters of Charity Hospitals

The sale of hospitals of Daughters of Charity Health System could come as early as September 2014. According to David Miller, assistant to the President for strategic campaigns at SEIU UHW, which represents workers at Daughters' hospitals, Prime Healthcare Services met with union representatives. The meeting revealed Prime was one of the lead bidders and was expected to close soon on the six California hospitals, he said. "Prime told us they'd be in control by September, pending (Attorney General) approval," said Miller. The union also said during the meeting that Prem Reddy, Chief Executive Officer of Prime, threatened to put the six hospitals into bankruptcy if Prime purchases them and can't get "major contract concessions" from the unions. "Prime Healthcare is unable to comment on any possible acquisition opportunities," the company said in an email. "Having said that, since Prime Healthcare was founded in 2001, it has never closed a hospital, and it has never put a hospital in bankruptcy. It has no intention of doing that for any future acquisition. In fact, just the opposite is true." A Daughters' spokeswoman didn't confirm any bidder names, but did say the system hopes to have an announcement by early fall. The County of Santa Clara had previously noted its interest in buying the two local hospitals.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 10, 2014
Daughters of Charity Health System, Six California Hospitals and Medical Foundation
 

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