Verity Health System Of California Inc

Organization Overview

Verity Health System Of California Inc is located in Woodland Hills, CA. The organization was established in 2015. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Verity Health System Of California Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ST. VINCENT MEDICAL CENTER WAS A 366-BED, SHORT-TERM ACUTE CARE, GENERAL HOSPITAL. IN JANUARY 2020, ST. VINCENT MEDICAL CENTER STOPPED HOSPITAL OPERATIONS AND CLOSED. THE ASSETS OF ST. VINCENT MEDICAL CENTER WERE SOLD TO DR. PATRICK SOON-SHIONG ON APRIL 16, 2020.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ST. VINCENT MEDICAL CENTER CEASED HOSPITAL OPERATIONS IN JANUARY 2020. THE ASSETS OF ST. VINCENT MEDICAL CENTER WERE SOLD TO DR. PATRICK SOON-SHIONG ON APRIL 16, 2020. ST. VINCENT MEDICAL CENTER DID NOT OPERATE THE HOSPITAL AT ANY TIME DURING FISCAL YEARS 2021 AND 2022. THE ENTITIY IS IN THE PROCESS OF WINDING DOWN AND DISSOLVING.


ON AUGUST 31, 2018, VERITY HEALTH SYSTEMS AND 16 OF ITS AFFILIATED COMPANIES, INCLUDING ST. VINCENT MEDICAL CENTER, EACH FILED VOLUNTARY PETITIONS FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE. THE BANKRUPTCY CASES ARE JOINTLY ADMINISTERED UNDER CASE NO. 18-20151 IN THE UNITED STATES BANKRUPTCY COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA. ON SEPTEMBER 4, 2020, THE EFFECTIVE DATE OF THE PLAN OF LIQUIDATION OCCURRED AND THE PLAN WAS CONSUMMATED. ALL CONDITIONS PRECEDENT TO THE EFFECTIVE DATE OF THE PLAN SET FORTH IN SECTION 12.2 OF THE PLAN HAVE EITHER BEEN SATISFIED OR WAIVED IN ACCORDANCE WITH THE PLAN AND THE CONFIRMATION ORDER. COURT FILINGS ARE AVAILABLE AT KCCLLC.NET/VERITYHEALTH.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Shiftwise
Registry Nursing
$662,192
Eurofins Vrl Los Angeles Llc
Medical Services
$363,985
Rehabcare Group Of California Llc
Purchased Services
$354,868
Axiom Anesthesia Group Inc
Medical Services
$251,667
Gch Medical Group Inc
Medical Services
$218,000
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $0

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