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Verity

verity.com

Founded Year

1988

Stage

Acq - P2P | Acquired

Total Raised

$3.27M

Valuation

$0000 

About Verity

Verity provides software that enables organizations to maximize the return on their intellectual capital investment.

Headquarters Location

Sunnyvale, California,

United States

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Research containing Verity

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Verity in 1 CB Insights research brief, most recently on Aug 10, 2022.

Verity Patents

Verity has filed 1 patent.

The 3 most popular patent topics include:

  • Industrial automation
  • Serial buses
  • Wireless networking
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/1/2019

11/15/2022

DC power connectors, Network protocols, Automotive standards, Electrical power connectors, History of aviation

Grant

Application Date

3/1/2019

Grant Date

11/15/2022

Title

Related Topics

DC power connectors, Network protocols, Automotive standards, Electrical power connectors, History of aviation

Status

Grant

Latest Verity News

Verity gets OK to sell 384-bed bankrupt hospital to Prime Healthcare, despite objections

Aug 13, 2020

Alia Paavola - Despite objections for California attorney general and a last-minute attempt from an opposing bidder to block the sale, El Segundo, Calif.-based Verity Health System won bankruptcy court approval to sell a 384-bed hospital in Lynwood, Calif., to Prime Healthcare Services, according to The Wall Street Journal. California Attorney General Xavier Becerra conditionally approved the sale to Prime in July. Mr. Becerra set 21 conditions for the sale of St. Francis Medical Center to Prime Healthcare, a for-profit provider based in Ontario, Calif.  Verity challenged three of the conditions outlined by the attorney general, saying they were overly burdensome. The disputed conditions revolved around the amount of charity care and community-benefit services the hospital would need to provide. As a result, the attorney general opposed authorizing the sale and approving Verity's Chapter 11 liquidation plan, according to the Journal. U.S. Bankruptcy Judge Ernest Robles overruled the objections, which should allow the $350 million sale to finalize. The judge also said he would approve Verity's Chapter 11 liquidation plan. In addition, in late July, Los Angeles-based Prospect Medical Holdings made a last-minute attempt to block Prime from buying St. Francis Medical Center. Prospect Medical, backed by a private equity firm, reportedly offered to pay $50 million more than Prime and offered to accept all of the attorney general's conditions. However, the bankruptcy judge said Prospect lacked standing to oppose the Prime sale, and it didn't submit its bid until after the deadline passed, according to the report. Read the full article here . More articles on healthcare transactions:

Verity Frequently Asked Questions (FAQ)

  • When was Verity founded?

    Verity was founded in 1988.

  • Where is Verity's headquarters?

    Verity's headquarters is located at Sunnyvale.

  • What is Verity's latest funding round?

    Verity's latest funding round is Acq - P2P.

  • How much did Verity raise?

    Verity raised a total of $3.27M.

  • Who are the investors of Verity?

    Investors of Verity include Autonomy, OVP Venture Partners, U.S. Venture Partners, Grotech Ventures and Asset Management Ventures.

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