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Verity Health, a hospital chain run by the California billionaire, has filed for bankruptcy

The billionaire Patrick Soon-Shiong, who runs the Verity Health System, bought the Los Angeles Times earlier this year. (Reuters) A California hospital chain managed by Los Angeles billionaire Patrick Soon-Shiong filed a bankruptcy petition on Friday citing rising losses and debt to find a new buyer. Verity Health System, the nonprofit company that operates six hospitals in the state, said …

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