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Seeking lower-cost care: Caritas hospitals could carve niche under new owner

Boston Globe, March 30, 2010

The New York private equity firm that struck a deal to buy Caritas Christi Health Care could build the chain of six Catholic community hospitals into a competitive lower-cost provider of medical services in Massachusetts, analysts told the Boston Globe. Cerberus Capital Management plans to invest $830 million to acquire Caritas Christi and turn the charity into a for-profit venture. The hospitals could emerge as an attractive lower-cost alternative to Boston's big teaching hospitals as healthcare reform moves forward soon in Massachusetts and later across the country, the Globe reports.