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Religion & Law

: Constitutionally Correct

Mass. court approves sale of Caritas hospitals; deal likely to close within a month

By Alliance Alert

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Boston Herald: "Caritas Christi Health Care expects to close its $895 million sale to New York private-equity firm Cerberus Capital Management within a month following today?s final regulatory approval from the Supreme Judicial Court. Associate Justice Francis Spina?s declaratory judgment allows the Boston-based chain of six Catholic hospitals to convert to a for-profit business - the state?s largest for-profit hospital chain - under a new Cerberus affiliate called Steward Health Care System."

Full post as published by Constitutionally Correct on October 29, 2010 (boomark / email).

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