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Caritas hospitals sale racking up support

Boston Globe, June 23, 2010

Halfway through a series of six state hearings on the proposed $830 million sale of nonprofit, Boston-based Caritas Christi Health Care to a New York buyout firm, support for the deal is far outstripping concerns, the Boston Globe reports. During three sessions, local officials, state representatives, community leaders, and employees and retirees of Caritas hospitals in Eastern Massachusetts have praised Caritas management and the private equity firm, Cerberus Capital Management, that has pledged to preserve the chain of six hospitals, at least for three years.