December 9, 2010 | 9:07 AM |

Caritas Owners Keep On Buying

FILED UNDER: Money, caritas christi, Cerberus Capital Management, Steward Health Care Systems

The new owners of the Caritas Christs hospitals, continue their buying spree

Continuing their local acquisition spree, Cerberus Capital Management, the private equity firm that last month bought the six formerly non-profit Caritas Christi hospitals (and formed the company Steward Health Care Systems LLC to run the chain) will purchase two more Massachusetts hospitals, The Boston Globe reports.

The 124-bed Merrimack Valley Hospital in Haverhill and 57-bed Nashoba Valley Medical Center in Ayer — both owned by Essent Healthcare of Nashville — will be sold to Steward for a price the parties, both private businesses, aren’t disclosing.

About the author

Blogger, CommonHealth Rachel Zimmerman worked as a staff reporter for The Wall Street Journal for 10 years, most recently covering health and medicine out of the paper’s Boston bureau. Rachel has also written for The New York Times, the (now-defunct) Seattle Post-Intelligencer and the alternative newspaper Willamette Week, in Portland, Ore., among other publications. Rachel co-wrote a book about birth, published by Bantam/Random House, and spent 2008 as a Knight Science Journalism Fellow at MIT. Rachel lives in Cambridge with her husband and two daughters. View all posts by Rachel Zimmerman →