Caritas owner to buy 2 more Mass. hospitals
The new owner of the Caritas Christi hospital chain didn’t take long to expand its reach in Massachusetts.
Under a tentative sales deal to be unveiled today, Steward Health Care System LLC, the company formed by a New York private equity firm to run the six Caritas Christi Health Care hospitals it acquired last month, has agreed to buy two more community hospitals in the state.
The 124-bed Merrimack Valley Hospital in Haverhill and 57-bed Nashoba Valley Medical Center in Ayer — both owned by Essent Healthcare of Nashville — will be sold to Steward for a price the parties, both private businesses, aren’t disclosing.
- CEO Exchange: Preparing for Population Health
- Interventional Radiology No Longer a Sub-Specialty
- Advocate, NorthShore Deal Would Create 16-Hospital System
- Top Reason for Nurse Turnover: Managers
- CEO Exchange: Pressure is On to Partner, Drive Quality
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- House OKs Cassidy's 'keep your plan' bill
- Two NY hospitals to offer free hip and knee replacement surgeries for qualifying patients in December
- 3 Strategies for Retaining Millennial Employees
- Hospital mergers may lead to higher prices