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UCSF Health reports $50 million in losses since acquisition of Dignity hospitals, pledges investments and Medi‑Cal continuity
Summary
UCSF Health officials reported to the San Francisco Health Commission that the first six months after acquiring Saint Mary’s and Saint Francis hospitals uncovered substantial deferred maintenance and operating losses, and that UCSF has made immediate investments while committing to continue Medi‑Cal and behavioral health services.
UCSF Health executives told the Health Commission that in the first six months after acquiring Saint Mary’s and Saint Francis hospitals they found greater deferred maintenance than expected and combined operating losses of more than $50 million since the acquisition.
Josh Adler, executive vice president and chief clinical officer at UCSF Health, said UCSF has invested more than $20 million in core…
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