😷New Chapter 11 Filing - Verity Health System of California Inc.😷

Healthcare. Once Powered by Hedge Fund

8/31/18

Verity Health System of California Inc. ("VHS"), a California nonprofit public benefit corporation that operates six acute care hospitals, filed for bankruptcy today. The system suffered from decades of operating losses and too much debt. Unfortunately, it also appears to have suffered from a lack of vision, admittedly continually maintaining the…