Boston Globe, March 29, 2010
Massachusetts-based Caritas Christi Health Care system is ready to launch many renovations and upgrades, days after it agreed to be purchased by Cerberus Capital Management for $830 million. Under terms of the deal, the New York private equity firm will initially invest $100 million in improvements at the chain of six Catholic community hospitals, much of it for work that is long overdue and key to the system's growth, hospital officials said.
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