Operator of four Bay Area hospitals files for bankruptcy

Verity Health System of California Inc., a nonprofit operator of six California hospitals managed by billionaire Patrick Soon-Shiong’s NantWorks LLC, has voluntarily filed for protection under Chapter 11 bankruptcy protection while it continues to seek a buyer. Verity, which submitted the filing Thursday to U.S. Bank Bankruptcy Court for the Central District of California – Los Angeles Division, has secured debtor-in-possession financing of up to $185 million. This additional liquidity will…

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Operator of four Bay Area hospitals files for bankruptcy

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