It was just announced on Friday that Steward was buying Morton Hospital so over 
the weekend it appears that one more is added to the private equity group of Cerberus.
The church will keep it’s Catholic identity as did the Caritas Hospital chain bought last year and more non profit hospital moves over to the for profit side. This seems to be a shifting pattern all across the US and we have had some change in California as well. BD
Steward Health (Cerberus Capital) Buys Another Massachusetts Hospital–Morton
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.”
Steward Health Care System this morning unveiled its second deal in the past four days to acquire an eastern Massachusetts hospital, saying it has a letter of intent to buy Saints Medical Center in Lowell.
Saints is a 157-bed Catholic community hospital formed through the merger of two separate local hospitals in the late 1990s. Under the letter of intent, it will retain its Catholic identity as it affiliates with Steward, which runs six other Catholic hospitals in the state, including St. Elizabeth's Medical Center and Carney Hospital in Boston.In addition to the six Caritas Christi Health Care hospitals it bought last fall, Steward, owned by private equity firm Cerberus Capital Management, reached an agreement in December to buy a pair of for-profit secular hospitals, Merrimack Valley Hospital in Haverhill and Nashoba Valley Medical Center in Ayer. Those deals await approval by the state Department of Public Health, which must issue new licenses.
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