Caritas now a for-profit chain
A New York buyout firm is the new owner of Caritas Christi Health Care, the region’s second-largest hospital system, turning the nonprofit Catholic chain into a for-profit operation.
Caritas yesterday confirmed that its deal to be acquired by Cerberus Capital Management had closed, following a lengthy approval process that began in the spring.
The hospitals — St. Elizabeth’s Medical Center and Carney Hospital in Boston, Norwood Hospital, Good Samaritan Medical Center in Brockton, Holy Family Hospital in Methuen, and Saint Anne’s Hospital in Fall River — will operate under a Cerberus affiliate, Steward Health Care System LLC.
- Sharp HealthCare Leaves Pioneer ACO Program
- Acute Kidney Injury Gets New Focus
- CNO Leads $1M Charge for New Scrubs, Uniforms
- Interventional Radiology No Longer a Sub-Specialty
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- MA an Insurance Proving Ground for Providers
- mHealth Tackles Readmissions
- Targeting Self-Insured Populations
- PCI: Concerns Mount About Appropriateness