Caritas Owners Buying 2 More Hospitals
BOSTON (CBS) – The new owners of the not-for-profit Caritas Christi hospital chain are already expanding their footprint in Massachusetts.
A tentative sales deal is expected to be unveiled Thursday, announcing that Steward Health Care System LLC will be buying two more community hospitals in the state.
According to the Boston Globe, Steward is buying the Merrimack Valley Hospital in Haverhill and the Nashoba Valley Medical Center in Ayer.
“Those are relatively isolated hospitals,” Caritas advisor Mark Bard told WBZ News Radio. “They’re not main stream hospitals and this is going to give them access to some of the better programs that Caritas is developing.”
“It’s all part of a movement to increase a footprint and decrease the operating cost of the healthcare delivery system,” Bard said.
Gary LaPierre talks to Mark Bard, Caritas advisor
The money details of the deal have not been disclosed. It will need to be approved by public health regulators.
Steward was formed to run the six Caritas Christi hospitals when they were purchased by a New York equity firm last month.