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.
- Top Reason for Nurse Turnover: Managers
- CEO Exchange: Pressure is On to Partner, Drive Quality
- Interventional Radiology No Longer a Sub-Specialty
- Behind the CVS Health Rebranding Strategy
- CMS Pitches Medicare Appeals Deal to Hospitals
- How MA plans to re-enroll 450,000 residents in health insurance
- House OKs Cassidy's 'keep your plan' bill
- Mobile Health Screenings Come Under Scrutiny
- Medicare is pricier in unhealthy states, study says
- Washington, Wall Street Gauge HIX Performance as Open Enrollment Nears