South San Francisco, CA August 29, 2019 Press Release
State Attorney General conducts public meeting on sale of Verity Health System to Strategic Global Management
REDWOOD CITY – San Mateo County Supervisor David J. Canepa attended a public meeting held by the state Attorney General’s Office 10 a.m., Thursday, Aug. 29, Colma Community Center, 1520 Hillside Blvd., Colma. The meeting was an opportunity for the public to weigh-in on the proposed sale of Verity Health System, which owns Seton Medical Center in Daly Seton and Seton Coastside in Moss Beach, to Strategic Global Management. The AG’s office must approve the $610 million acquisition before the deal is finalized.
“SGM has committed to keeping these hospitals open and that’s incredible news for Seton’s employees and the tens of thousands of mostly vulnerable patients in San Mateo and San Francisco counties they care for each year,” Canepa said. “Now is the time for the public to make its case as to why Seton should remain a full-service hospital with emergency services and whether the term should be extended another five years as the National Union of Healthcare Workers has requested.”
Verity filed for bankruptcy Aug. 31. The hospitals were previously owned by the Daughters of Charity. Canepa formed a bi-county working group in 2018 with stakeholders from San Francisco and San Mateo counties with a sole effort to save the hospital. The court-approved bid has since been submitted to the state Attorney General’s office for approval.