Mass. AG backs Caritas sale
Attorney General Martha Coakley yesterday recommended approval of the proposed sale of Caritas Christi Health Care to a New York private equity firm, a deal that would bring for-profit health care on a large scale to a state long dominated by nonprofit hospitals.
But Coakley imposed multiple conditions aimed at protecting Caritas employees and patients and strengthening the state’s health care market at a time of rising costs and declining Medicaid payments.
The terms are meant to assure that the chain of six financially struggling Catholic hospitals — including flagship St. Elizabeth’s Medical Center in Brighton — remains open for at least five years and fully funds pensions of about 13,000 employees and retirees.
- Hospital Groups Strike Back at Hospital Rating Systems
- AHIP: Enormity of HIX Challenges Sinks In
- The Secret to Physician Engagement? It's Not Better Pay
- Two-Midnight Rule Must be Fixed or Replaced, Say Providers
- 4 Reasons PCMH Principles Aren't Going Away
- How Succession Planning Boosts Employee Retention Rates
- Another SGR Patch Likely, Lawmaker Says
- 5 Hot Healthcare Ideas from SXSW
- Don't Underestimate Emotional Intelligence
- Evidence-Based Practice and Nursing Research: Avoiding Confusion