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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.