Daughters of Charity Health System

Why would a hedge fund, with little healthcare experience, commit $100 million in capital and provide a $150 million loan, with interest, to a dying hospital system?  That's the question Attorney General Kamala Harris needs to answer correctly or thousands of jobs will evaporate and critical healthcare access for many residents will vanish.

After Attorney General Kamala Harris imposed conditions that a buyer, Prime Healthcare, declined to agree to on the sale of troubled Daughters of Charity Health System, supporters of her decision said other buyers would save all of the hospitals and services. But so far, no buyers have emerged, and the fallout has begun.