Verity Health System of California

The firm was co-counsel to Verity Health System, one of the largest nonprofit health care providers in California, in its chapter 11 case commenced in August 2018. Verity owned six general acute-care hospitals located in the Bay Area and Los Angeles. During the case, two of its Bay Area hospitals were sold to the County of Santa Clara, and other hospitals were sold to private operators. In August 2020, Verity confirmed a plan of liquidation that restructured over $1.3 billion in bond and other funded debt, trade, employee and pension obligations.