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For-profit hospital may offer peek at Caritas future

Boston Globe, April 28, 2010

Worcester, MA-based Saint Vincent Hospital is not run by the church. Its corporate owner, Vanguard Health Systems of Nashville, has made a fortune converting nonprofit hospitals to for-profits, and it has committed to maintaining Saint Vincent's religious identity—much as Cerberus Capital Management, the private equity firm, has pledged to do if it acquires Boston's Catholic hospital network, Caritas Christi Health Care. Caritas and Cerberus are drafting a stewardship agreement with the Roman Catholic Archdiocese of Boston, detailing how the six Caritas hospitals' Catholic identity will be preserved, the Boston Globe reports.