Deal for Boston-based Caritas has a secular option

Boston Globe, May 7, 2010

The private-equity firm proposing to purchase Boston's six Catholic hospitals intends to maintain the hospitals' religious identity, but has also negotiated an escape clause that would allow the firm to end the religious affiliation in exchange for a $25 million donation to charity. The agreement between the private equity firm, Cerberus Capital Management, and the Archdiocese of Boston was announced by Attorney General Martha Coakley. The archdiocese could also terminate the agreement if it concluded that the hospitals were not following Catholic teachings.


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