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Verity Health System

Full company profile

uuid000srks

Namestring
Verity Health System
Websiteurl
verity.org
Company typeenum
Private
Founded yearint
2002
Short descriptiontext

Verity Health System is a privately held, for-profit U.S. healthcare organization headquartered in Redwood City, California, founded in 2002 and operating with 5,001 to 10,000 employees.

Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersRedwood City, United States
HQ citystring
Redwood City
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
hospital services, patient care, healthcare system, medical services, acute care
Industry1 code
1Private/For-Profit Hospital Systems
CodeHLAFAAAFPrimaryYes
NAICS code1 code
  • General Medical and Surgical Hospitals6221
SIC code2 codes
  • Services-General Medical & Surgical Hospitals, Nec8062
  • Services-Hospitals8060
Product category
Hospital and Health System Services
No data
Cost components6 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Verity Health System is a for-profit healthcare organization headquartered in Redwood City, California, operating as a multi-facility health system. Founded in 2002 and employing between 5,001 and 10,000 staff, it delivers hospital and clinical healthcare services to patients in its served communities.

Differentiator
Functional benefit
Problem solved
No data
Peers10 records
TypeBroad incumbent
Description

Dignity Health operates a large network of nonprofit acute care hospitals, including significant operations in California. Comparable to Verity Health System as a multi-site acute hospital operator in the same California market.

TypeBroad incumbent
Description

CommonSpirit is one of the largest nonprofit health systems in the US, operating hundreds of acute care hospitals across multiple states. Comparable to Verity Health as a multi-site acute hospital operator competing in the same regulatory environment.

TypeBroad incumbent
Description

Kaiser Permanente is an integrated nonprofit payer-provider system dominating the California market, with its own hospitals and physician network. Comparable as a major California-based acute care competitor to Verity Health System.

TypeDirect peer
Description

HCA Healthcare is the largest for-profit hospital operator in the United States, with hundreds of acute care facilities. It is directly comparable to Verity Health System as a for-profit, multi-site acute hospital operator serving similar patient populations.

TypeDirect peer
Description

Community Health Systems operates a large portfolio of for-profit acute care hospitals, primarily in non-urban and mid-sized markets. Directly comparable to Verity Health System in for-profit acute hospital operations and reimbursement model.

TypeRegional player
Description

Sutter Health is a large nonprofit integrated health system serving Northern California, including the Bay Area. Comparable to Verity Health System as a regional acute hospital operator competing for the same Northern California patient population.

TypeRegional player
Description

Stanford Health Care is an academic medical center system based in the San Francisco Bay Area with high-acuity acute care services. Comparable to Verity Health as a California-based acute hospital competitor for specialty referrals and physician talent.

TypeBroad incumbent
Description

Adventist Health operates a multi-state network of acute care hospitals with significant California presence. Comparable to Verity Health as a multi-site acute hospital operator with overlapping California footprint.

TypeDirect peer
Description

Tenet Healthcare operates a national network of for-profit acute care hospitals and ambulatory surgery centers. Comparable to Verity Health as a for-profit acute hospital operator with diversification into outpatient services.

TypeDirect peer
Description

UHS is a major for-profit hospital operator with a focus on acute care and behavioral health facilities across the US. Comparable to Verity Health System as a for-profit acute hospital operator with similar regulatory exposure.

Market position
Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Verity Health System

Hospital and Health System Servicesverity.org

Verity Health System is a privately held, for-profit U.S. healthcare organization headquartered in Redwood City, California, founded in 2002 and operating with 5,001 to 10,000 employees.

Verity Health System firmographics

Firmographics
Name
Verity Health System
Website
https://verity.org
Company type
Private
Founded year
2002
Headcount range
5,001–10,000 employees
Short description
Verity Health System is a privately held, for-profit U.S. healthcare organization headquartered in Redwood City, California, founded in 2002 and operating with 5,001 to 10,000 employees.
Ownership category
akta.pro rank

Verity Health System industry classification

Industry
Product category
Hospital and Health System Services
NAICS
General Medical and Surgical Hospitals (6221)
SIC
Services-General Medical & Surgical Hospitals, Nec (8062), Services-Hospitals (8060)
akta.pro primary industry
Private/For-Profit Hospital Systems (HLAFAAAF)

Keywords

  • Hospital services
  • Patient care
  • Healthcare system
  • Medical services
  • Acute care

Where Verity Health System is headquartered

Location

Headquarters

HQ city
Redwood City
HQ country
United States
HQ region
North America

Markets served

Verity Health System business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Verity Health System product offering

Product offering

Core offering

Verity Health System is a for-profit healthcare organization headquartered in Redwood City, California, operating as a multi-facility health system. Founded in 2002 and employing between 5,001 and 10,000 staff, it delivers hospital and clinical healthcare services to patients in its served communities.

Differentiator

Problem solved

Functional benefit

Companies that use Verity Health System

Customer profile

Ideal customer profiles1 record

Verity Health System technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Verity Health System competitors and assessment

Company assessment

Broad incumbents

  • Dignity Health: Dignity Health operates a large network of nonprofit acute care hospitals, including significant operations in California. Comparable to Verity Health System as a multi-site acute hospital operator in the same California market.
  • CommonSpirit Health: CommonSpirit is one of the largest nonprofit health systems in the US, operating hundreds of acute care hospitals across multiple states. Comparable to Verity Health as a multi-site acute hospital operator competing in the same regulatory environment.
  • Kaiser Permanente: Kaiser Permanente is an integrated nonprofit payer-provider system dominating the California market, with its own hospitals and physician network. Comparable as a major California-based acute care competitor to Verity Health System.
  • Adventist Health: Adventist Health operates a multi-state network of acute care hospitals with significant California presence. Comparable to Verity Health as a multi-site acute hospital operator with overlapping California footprint.

Direct peers

  • HCA Healthcare: HCA Healthcare is the largest for-profit hospital operator in the United States, with hundreds of acute care facilities. It is directly comparable to Verity Health System as a for-profit, multi-site acute hospital operator serving similar patient populations.
  • Community Health Systems: Community Health Systems operates a large portfolio of for-profit acute care hospitals, primarily in non-urban and mid-sized markets. Directly comparable to Verity Health System in for-profit acute hospital operations and reimbursement model.
  • Tenet Healthcare: Tenet Healthcare operates a national network of for-profit acute care hospitals and ambulatory surgery centers. Comparable to Verity Health as a for-profit acute hospital operator with diversification into outpatient services.
  • Universal Health Services: UHS is a major for-profit hospital operator with a focus on acute care and behavioral health facilities across the US. Comparable to Verity Health System as a for-profit acute hospital operator with similar regulatory exposure.

Regional players

  • Sutter Health: Sutter Health is a large nonprofit integrated health system serving Northern California, including the Bay Area. Comparable to Verity Health System as a regional acute hospital operator competing for the same Northern California patient population.
  • Stanford Health Care: Stanford Health Care is an academic medical center system based in the San Francisco Bay Area with high-acuity acute care services. Comparable to Verity Health as a California-based acute hospital competitor for specialty referrals and physician talent.

Market position

Customer concentration

Verity Health System financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Verity Health System leadership team

Management profile

Number of profiles

Verity Health System funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Verity Health System M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verity Health System

What does Verity Health System do?

Verity Health System is a for-profit healthcare organization headquartered in Redwood City, California, operating as a multi-facility health system. Founded in 2002 and employing between 5,001 and 10,000 staff, it delivers hospital and clinical healthcare services to patients in its served communities.

When was Verity Health System founded?

Verity Health System was founded in 2002. It employs 5,001 to 10,000 people.

Where is Verity Health System based?

Verity Health System is headquartered in Redwood City, United States, in the North America region.

Who are Verity Health System's main competitors?

Broad incumbents on record are Dignity Health, CommonSpirit Health, Kaiser Permanente and Adventist Health. Direct peers are HCA Healthcare, Community Health Systems, Tenet Healthcare and Universal Health Services. Regional players are Sutter Health and Stanford Health Care.

Does Verity Health System have an API?

No public API is recorded for Verity Health System.

What industry is Verity Health System in?

Verity Health System's product category is Hospital and Health System Services. Its primary akta.pro industry code is HLAFAAAF, Private/For-Profit Hospital Systems. Its NAICS code is 6221 and its SIC code is 8062.

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Live signals
PR NewswireSEIU: Hospital Chain with Record of Bilking Taxpayers and Cutting Services Now Wants to Slash Pay at St. Francis Hospital in Lynwood, Even as Workers Treat COVID-19 PatientsPrime Healthcare Services has proposed wage cuts of up to 63% for staff at St. Francis Medical Center in Lynwood, California, while the hospital is actively treating COVID-19 patients and undergoing acquisition from Verity Health. The Lynwood City Council passed a resolution urging Prime to retain current staff and honor existing labor contracts, citing the employees' critical role during the pandemic.Los Angeles TimesVerity Health files for bankruptcy protection. Its six California hospitals will stay openVerity Health System, a nonprofit operator of six California hospitals, filed for bankruptcy protection citing over $1 billion in debt and annual losses of approximately $175 million. The company stated that its facilities will remain open while it seeks to secure up to $185 million in financing and pursue the sale of some or all assets under court supervision.PR NewswireVerity Health System Announces Exploration of Strategic OptionsVerity Health System, a nonprofit healthcare operator with six hospitals and 1,650 inpatient beds across California, announced it is exploring strategic options including the potential sale of some or all of its locations. The company cited a decade of deferred maintenance, poor payor contracts, and increasing costs as drivers behind the review, with Cain Brothers acting as financial advisor and Dentons as legal advisor. The board has not made any final decisions and will share additional information once the review process is complete.GlobeNewswireRadNet, NantWorks and Verity Health System AnnounceRadNet announced strategic partnerships with Verity Health and NantWorks, with Verity assuming Breastlink's professional responsibilities in Southern California. RadNet, with seven million annual patient visits, will collaborate on clinical trials, data analytics, and AI projects. The companies aim to build integrated cancer care models across the nation.AxiosSoon-Shiong buys into California hospital systemNantWorks, founded by Patrick Soon-Shiong, acquired a majority stake in the management company operating Verity Health System, a network of six hospitals. BlueMountain Capital Management will hold a minority interest and provide additional funding. Soon-Shiong will sit on Verity's board.