San Mateo County offers up $20 million to keep Daly City hospital alive
San Francisco Business Times
By Ted Andersen
Officials in San Mateo County working on a plan to protect a significant Daly City hospital have, at least temporarily, staved off a closure threatened for this week.
San Mateo County Board of Supervisors voted Tuesday to put $20 million into the hospital in an effort to preserve the services and jobs at Seton Medical Center, Daly City's largest employer. Supervisors voted to give $5 million a year over four years to the entity that eventually buys the medical center from current owner Verity Health System, the Mercury News reported. Verity filed for bankruptcy in 2018.
Half of the money being given to the hospital’s new owner is set to come from the Health Plan of San Mateo, though it is unclear if the organization’s board is on board with the decision, the Mercury reported, and there are also strings attached, including the new owner maintaining a full-service hospital and providing annual reporting to the county of its operations.