Could Mass. Insurance Mess Affect Caritas Christi Sale?

Last month, Cerberus Capital announced an agreement to buy Boston-based hospital chain Caritas Christi for $830 million (including the assumption of pension obligations). It promised to maintain the company’s Catholic identity, which includes significant charitable contributions, and to not sell/shut any of the hospitals or take the company public for the first three years. My question isn’t about how Cerberus plans to turn the hospitals into for-profit institutions – there actually is a road map for that in Massachusetts, as evidenced by Vanguard's work on St. Vincent’s hospital in Worcester – but rather if that $830 million pricetag will stand.

DealsNorth AmericaUS