St. Vincent Medical Center (Los Angeles)
Hospital in California, United States
St. Vincent Medical Center (SVMC) is a hospital in the Westlake neighborhood of Los Angeles, California, United States. Started by the Daughters of Charity in 1856, the hospital closed on January 24, 2020, due to the bankruptcy of Verity Health System.
The hospital reopened on April 13, 2020, as the Los Angeles Surge Hospital through a partnership with Los Angeles County, Kaiser Permanente and Dignity Health. The State of California is temporarily leasing the hospital as a treatment center for COVID-19.
The Daughters of Charity came to Los Angeles on January 6, 1856. This group of six women included three Spanish and three American women. Their initial goal was to start an orphanage and school for the local community. After the county officials recognized the talent of a sister as a nurse, they proposed the idea of them opening an infirmary instead. This would promote a better health system in the community. As a result of their acceptance, the Los Angeles Infirmary was created on June 21, 1869. St. Vincent Medical Center was the first hospital in Los Angeles. The name was changed in 1918 to St. Vincent’s Hospital. The name was changed again in 1974 to St. Vincent’s Medical Center following the construction of a new hospital.
In 1995, the Daughters of Charity National Healthcare System sold SVMC to Catholic Healthcare West. In 2002, CHW sold the hospital to the newly established Daughters of Charity Health System. In 2014, the hospital agreed to be purchased by Prime Healthcare Services as part a sale of all six hospitals in the financially troubled Daughters of Charity Health System. Although the sale was approved by the California Attorney General Kamala Harris, Prime ultimately backed out of the purchase agreement citing onerous approval conditions. In 2015, Harris approved a new deal with BlueMountain Capital, under which the hospital system changed their name to Verity Health System. The hospitals remained nonprofit but not Catholic. In 2017, NantWorks, the holding company run by Patrick Soon-Shiong, bought a majority stake in the management company from BlueMountain.
Verity Health System filed for Chapter 11 bankruptcy protection on August 31, 2018. KPC Group agreed to purchase SVMC for $120 million; however, the sale was not completed by the court-mandated deadline of December 5. On January 6, 2020, Verity announced the closure of St. Vincent Medical Center.
According to a proposal of change of ownership prepared by Medical Development Specialists, the hospital specialized in cardiac care, cancer, total joint and spine care, and multi-organ transplants with a total of 366 beds.
During the coronavirus pandemic in California, Verity Health System entered into an agreement with the State of California on March 20, 2020, to give the State access to the closed hospital as part of the State’s preparations to care for patients impacted by COVID-19. The agreement was approved the same day by the U.S. Bankruptcy Court to allow the State to temporarily lease the hospital as a treatment center for COVID-19.
. The hospital reopened on April 13, 2020, as the Los Angeles Surge Hospital through a partnership with Los Angeles County, Kaiser Permanente and Dignity Health to increase the county’s surge capacity should the need arise. It is a transfer-only facility, accepting patients who test positive for the virus from other regional public and private hospitals.
Chan Soon-Shiong Family Foundation
The Chan Soon-Shiong Family Foundation placed a $135 million bid to acquire the hospital from Verity. The foundation, run by Patrick Soon-Shiong, MD, and his wife, Michele B. Chan, said it would take over the state’s lease obligations at the hospital if the deal is approved by the bankruptcy court.
- ^ “Verity Health System Announces Closure of St. Vincent Medical Center in Los Angeles”. www.businesswire.com. January 6, 2020. Retrieved January 13, 2020.
- ^ cloudfront.escholarship.org (PDF) https://cloudfront.escholarship.org/dist/prd/content/qt09n0k4t4/qt09n0k4t4.pdf?t=mzvcx5&nosplash=0ac8ed20257432818de94254bb0a6ef1. Retrieved December 8, 2018.
- ^ “History of St. Vincent Medical Center”. Archived from the original on April 1, 2007. Retrieved May 2, 2007.
- ^ “Daughters of Charity Health System closes deal with hedge fund”. December 14, 2015. Retrieved July 23, 2016.
- ^ “Patrick Soon-Shiong’s NantWorks to take over St. Vincent and 5 other California hospitals”. Retrieved June 16, 2018.
- ^ “California hospital chain with ties to billionaire files for…” Reuters. August 31, 2018. Retrieved September 22, 2018.
- ^ “KPC Group closes in on purchase of four Verity Health hospitals”. Modern Healthcare. April 17, 2019. Retrieved April 28, 2020.
- ^ “Verity Health gets $610 million offer for Seton Medical Center and three other hospitals”. The Mercury News. January 18, 2019. Retrieved April 28, 2020.
- ^ “Verity Health System Announces Closure of St. Vincent Medical Center in Los Angeles”. AP NEWS. January 6, 2020. Retrieved April 28, 2020.
- ^ oag.ca.gov (PDF) https://oag.ca.gov/sites/all/files/agweb/pdfs/charities/pdf/st-vincent-medical-center-ag-report.pdf. Retrieved December 8, 2018.
- ^ “Verity Health System and State of California Partner to Address COVID-19 Pandemic”. www.businesswire.com. March 21, 2020. Retrieved April 7, 2020.
- ^ Smith, Dakota (March 21, 2020). “State to lease St. Vincent Medical Center to help with COVID-19 pandemic”. Los Angeles Times. Retrieved April 7, 2020.
- ^ Ellison, Ayla (April 7, 2020). “Kaiser, Dignity partner with California to open Los Angeles Surge Hospital”. Becker’s Hospital Review. Retrieved April 8, 2020.
- ^ Smith, Dakota (April 2, 2020). “Patrick Soon-Shiong seeks to buy St. Vincent hospital, create ‘central command’ for coronavirus”. Los Angeles Times. Retrieved April 9, 2020.
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