Faced with economic realities that make it impossible to continue operating its six hospitals, the Western province of the Daughters of Charity are putting the facilities up for sale.
Robert Issai, president and CEO of the Daughters of Charity Health System in California, said mounting debt caused by several factors, including the 2008 recession and changes in health care payment systems, necessitated the decision, which was announced last month. At the end of 2013, the system had a long-term debt of approximately $294 million.