Massachusetts is not the only state where they have purchases hospitals and the on in Florida with buying a public hospital was in the news. We keep seeing imagefinancially strapped hospitals being gobbled up with private equity firms and yet lawmakers all over still have not figured out they are not really a source of revenue to be taxed, go after the investors who buy them maybe. 

Steward HealthCare (Cerberus Capital Management) Makes Offer to Buy Public Jackson Health System in Florida

The company has also expressed interest in purchasing Landmark Hospital on Rhode Island but that deal appears to have fallen through.

Blue Cross Sues Financially Stressed Landmark Hospital in Rhode Island-Court To Determine New Owner in April

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, Boston, has agreed to acquire 132-bed Morton Hospital and Medical Center, Taunton, Mass., giving the newly minted investor-owned system pending deals to acquire three hospitals, according to a joint news release.

Steward was formed in November by the conversion of six-hospital Caritas Christi Health Care to for-profit status through an acquisition by private equity firm Cerberus Capital Management. Steward agreed in December to acquire two Massachusetts hospitals from investor-owned Essent Healthcare, Nashville.

Steward Health Care to buy Morton Hospital - Healthcare business news, research, information and opinions | Modern Healthcare

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