The Eagle Tribune is reporting that Attorney General Martha Coakley will approve the sale of Caritas to Cerebus “with conditions”. The paper reports that Senator Steve Baddour made the announcement after a call from Attorney General Coakley.
The Attorney General’s office will approve the sale of the Caritas Christi Health Care chain, including Holy Family hospital, said state Sen. Steven Baddour.
Baddour, D-Methuen, said the state agency called him this morning to say the $850 million sale of the hospital chain to the private-equity firm Cerberus Capital Management will go forward with “agreed upon restrictions.”
“This is great news, great news for the Valley,” Baddour said.