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Melody Petersen

Melody Petersen covers biotechnology for the Los Angeles Times. Previously, she wrote about the pharmaceutical industry for the New York Times. She won a Loeb award for reporting about a power company at the San Jose Mercury News. She has also written for the Orange County Register and the Philadelphia Inquirer. She’s the author of Our Daily Meds, a book about the drug industry. She’s a former certified public accountant and grew up on an Iowa farm.
Verity Health files for bankruptcy protection. Its six California hospitals will stay open

Verity Health System, the nonprofit operator of six California hospitals, filed for bankruptcy protection Friday, blaming mounting losses and debt that had forced it to seek a buyer.

Verity Health may sell St. Vincent and its other hospitals

Non-profit Verity Health System is considering selling one or more of its six California hospitals because of financial pressures. Just a year ago, Los Angeles billionaire Patrick Soon-Shiong bought a majority stake in the hospitals, which have struggled for years.

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