Caritas Christi Health Care
Company typeNon-profit organization
IndustryHealthcare
Founded1985
Defunct2010
SuccessorSteward Health Care System
Headquarters
Boston, Massachusetts
,
US
Area served
New England
Key people
Ralph de la Torre, CEO/President
Number of employees
12,000

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.

Hospitals

Hospital Location Bed count Emergency Department Founded Notes Website
St. Elizabeth's Medical Center Brighton 317 1868 Founded by Third Order of St. Francis [1]
Carney Hospital Dorchester 230 1863 Founded by Daughters of Charity of Saint Vincent de Paul and Andrew Carney.
First Catholic hospital in New England.		 [2]
Good Samaritan Medical Center Brockton 231 1993 Merger of Cardinal Cushing General Hospital and Goddard Memorial Hospital [3]
Holy Family Hospital Methuen 254 1950 Formerly Bon Secours Hospital [4]
Norwood Hospital Norwood 264 1902 Formerly Willett Cottage Hospital [5]
Saint Anne's Hospital Fall River 160 1906 Founded by Dominican Sisters of the Presentation [6]

In 1998, Caritas Christi acquired St. Joseph Health Services of Rhode Island.[5]

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.[4]

References

  1. ^ (January 28, 2011) “Deal of the Year Awards…Nonprofit? Not Anymore” Archived December 20, 2014, at the Wayback Machine, http://www.cainbrothers.com
  2. ^ Richmond, Will (March 25, 2010). "Equity firm expected to buy Caritas Christi for $830M". Herald News. Retrieved August 28, 2011.
  3. ^ Wangsness, Lisa (March 27, 2010). "In blog post, O'Malley backs Caritas sale". The Boston Globe. Retrieved August 28, 2011.
  4. ^ a b c "Caritas Christi Health Care". Caritas Christi Health Care. Archived from the original on January 14, 2010. Retrieved March 24, 2010.
  5. ^ Pham, Alex (June 19, 1998). "Caritas Christi to merge with R.I. system". Boston Globe. p. C.3. Retrieved August 28, 2011.

External links

Cerberus Capital Management
Categories