Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Massachusetts to set hearings on Caritas Christi sale

Boston Globe, May 12, 2010

The Massachusetts Department of Public Health plans to hold a half-dozen public hearings jointly with the state attorney general's office to consider a private equity firm's plan to buy Caritas Christi Health Care, which owns six Catholic hospitals in Eastern Massachusetts. The attorney general's office will review the plans of New York-based Cerberus Capital Management, which agreed in March to buy the Caritas Christi system, and make a recommendation to the state Supreme Judicial Court. The public health department must also sign off on the proposed purchase by granting new hospital licenses, the Boston Globe reports.