Sales of Caritas Approved

Posted on October 6, 2010 by billmanzi

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.

The full Tribune story is here.

This entry was posted in Methuen, State News and tagged , , . Bookmark the permalink.

1 Response to Sales of Caritas Approved

  1. Jules Gordon says:
    October 6, 2010 at 4:31 pm

    Your Honor,

    How great this may be dependent on the ‘conditions’ What are they? Do you know?

    Jules

    Like

    Reply

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