The Three-Headed Dog Will See You Now
Catholic hospital operator Caritas Christi this week agreed to sell itself to Cerberus Capital Management, in a deal Caritas Christi CEO Ralph de la Torre called "good news." Considering Caritas Christi's new owner is named after a three-headed dog from hell, I'm sure the company's 2,000 pensioners, 13,000 employees, and countless patients are praying he's right. In an internal email obtained by peHUB, de la Torre outlined the benefits of the $830 million deal and specific favorable commitments from Cerberus. The deal is a turnaround of the hospital, which has struggled to compete with large teaching hospitals in its region.
26 March 2010•3 mins read
