Caritas Christi Health Care
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Caritas Christi Health Care was a non-profit
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healthcare system in the
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region of the United States. It was established in 1985 and was the second largest healthcare system in New England. In 2010, Caritas Christi was sold to the private equity firm
Cerberus Capital Management Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing. ...
, which converted it to a for-profit company and renamed it
Steward Health Care System Steward Health Care is the largest physician-owned private for-profit health care network in the United States and attends to 2.2 million people during more than twelve million physician and hospital visits annually. Headquartered in Dallas, Stewa ...
. Cain Brothers acted as Caritas Christi's advisor for this transaction, for which they received Deal of the Year honors from Investment Dealer's Digest. Caritas Christi was an integrated healthcare network providing community based medicine and tertiary care in eastern
Massachusetts Massachusetts (Massachusett: ''Muhsachuweesut Massachusett_writing_systems.html" ;"title="nowiki/> məhswatʃəwiːsət.html" ;"title="Massachusett writing systems">məhswatʃəwiːsət">Massachusett writing systems">məhswatʃəwiːsət'' En ...
, southern New Hampshire and Rhode Island. Caritas Christi Health Care had 12,000 employees, 1,552 hospital beds, 2,305 doctors, 1,880 nurses, 73,546 annual inpatient discharges, 238,551 annual emergency department visits and fifty five communities served. Caritas Christi Health Care was led by President/CEO Ralph de la Torre, MD and located within the St. Elizabeth's Medical Center campus.


Hospitals

In 1998, Caritas Christi acquired St. Joseph Health Services of Rhode Island.


Other facilities

Non-acute Caritas Christi facilities which offered a variety of services included Caritas Home Care, Caritas Good Samaritan Hospice, Caritas Labouré College, Caritas St. Mary's Women and Children's Center, Caritas Por Cristo, and the Caritas Physician Network.


References


External links


Caritas Christi official website
(archived 2010) {{authority control Hospital networks in the United States Healthcare in Boston Economy of Boston Cerberus Capital Management companies Medical and health organizations based in Massachusetts Catholic hospital networks in the United States Catholic hospitals in North America Catholic health care