Caritas Christi Health Care was a non-profit Catholic healthcare system in the New England 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, which converted it to a for-profit company and renamed it Steward Health Care System. 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.[1][2][3]
Caritas Christi was an integrated healthcare network providing community based medicine and tertiary care in eastern Massachusetts, southern New Hampshire and Rhode Island.[4] 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.[4]
Caritas Christi Health Care was led by President/CEO Ralph de la Torre, MD and located within the St. Elizabeth's Medical Center campus.
^(January 28, 2011) “Deal of the Year Awards…Nonprofit? Not Anymore” Archived December 20, 2014, at the Wayback Machine, http://www.cainbrothers.com
^Richmond, Will (March 25, 2010). "Equity firm expected to buy Caritas Christi for $830M". Herald News. Retrieved August 28, 2011.
^Wangsness, Lisa (March 27, 2010). "In blog post, O'Malley backs Caritas sale". The Boston Globe. Retrieved August 28, 2011.
^ ab"Caritas Christi Health Care". Caritas Christi Health Care. Archived from the original on January 14, 2010. Retrieved March 24, 2010.
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