"For-profit health care is expanding in Massachusetts....
And it's all a good thing says the corporate paper.
--more--"
For some reason someone profiting of my health just doesn't seem right.
Yeah, that will really help control costs; less costs, more profit!
Related:
Caritas owner widens its aims
Steward Health Care System, a company formed just months ago to run the newly privatized Caritas Christi hospitals, is making an aggressive effort to expand nationally with a $1.1 billion bid for medical facilities in Florida.
Steward, which was created after the New York private equity firm Cerberus Capital Management bought six Catholic hospitals in Massachusetts last November, sent a letter of intent Monday, offering to take over the financially troubled Jackson Health System in Miami for $600 million in cash and $500 million to cover debt.
At least the banks will be healthy and happy.
The move is in keeping with the strategy of deep-pocketed Cerberus, which tapped Caritas chief executive Ralph de la Torre to lead the charge in assembling a large hospital chain in the Boston area — and beyond.
See: Catholic Caritas Makes Deal With the Devil
Since acquiring Caritas, the firm has agreed to buy two other hospitals in the state, and de la Torre recently has made it clear that Steward does not plan to limit its growth to Massachusetts.
Steward executives yesterday declined to be interviewed on their first major foray outside the Northeast....
And I'm declining to read any more.
