Earlier this year at the JP Morgan Healthcare convention the company made known their efforts to expand. Cerberus is the Private Equity firm that holds Steward 
Healthcare so we have one more move with private equity firms moving forward to buy up more hospitals. This time there’s no religion at stake here as there was when the Caritas chain was purchased. The hospital had debt so one item of attraction here for investors, $500 million worth. $600 million was the dollar amount of the investment offered which would basically take over all the assets and the operation. Steward also had requested to look at the books and when completed as I read here a formal offer would be generated.
From the Website:
“Cerberus Capital Management, L.P., along with its affiliates, is one of the world's leading private investment firms. Through its team of investment and operations professionals, Cerberus specializes in providing both financial resources and 
operational expertise to help transform undervalued companies into industry leaders for long-term success and value creation. Cerberus holds controlling or significant minority interests in companies around the world.
Cerberus is headquartered in New York City with affiliate and/or advisory offices in the United States, Europe, the Middle East and Asia.”
Caritas Christi Health Care Sold to Private Equity Firm Cerberus For $830M – Massachusetts
The ink was barely dry when in August of 2010, the Rhode Island hospital was added. Essent Healthcare of Nashville is the owner of the 2 new hospitals to be purchased, Nashoba Valley and Merrimack Valley hospitals. The article in the Globe also states this leaves only 2 more hospitals that are not non profits in the area. BD
Caritas Christi Health Care Reaches Agreement to Acquire Landmark Medical Hospital in Rhode Island–Private Equity Firm Cerberus Purchased Caritas in March Pending Final Approval
There’s a lot of questions yet to be answered as again this is a public system where the purchase in Boston was private. There’s a non profit organization in healthcare and I don’t know if this group is a member but it’s a non profit group that sits around and talks about how to profit, an oxymoron by description. BD
How Big Are Private Equity Investments in Healthcare – Large Enough to Create a “Non-Profit” Trade Association To Talk About How to “Profit”
A major Boston hospital chain has sent Jackson Health System a non-binding "expression of interest" letter, offering to take over the financially troubled public hospitals, invest $600 million in capital and assume $500 million in debt.
The offer from Steward Health Care System was handed to a committee of the Public Health Trust, which oversees Jackson, in a meeting early Tuesday morning.
Several Trust members called the proposal a "game changer." Another said it was "transformational.'
Steward is a physician-led company that operates eight acute care hospitals in New England, including two facilities that are academic medical institutions.
Jackson Health System: Boston chain offers buyout - OrlandoSentinel.com
stay tuned for the outcome in a few years hence, after cerberus has sucked the life out of those catholic hospitals and they fall like so many insect husks.
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