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Respect the commitments that Caritas has made to charitable donors to the system.Įstablished in 1985, Caritas Christi is New England’s largest community-based hospital network, providing care to patients in eastern Massachusetts, southern New Hampshire and Rhode Island.Maintain medical residency and teaching programs and.Maintain existing policies on community benefits as well as charitable and pastoral care.Continue to run the Caritas Christi hospitals as Catholic healthcare providers in accord with the Ethical and Religious Directives for Catholic Health Care Services adopted by the U.S.Maintain employment levels, and compensation and benefits arrangements.Remain headquartered in the Greater Boston area.Holtz oversees the legal and regulatory affairs of Steward Health Care and its.

The purchase agreement also contains the following stipulations that the system will: Herb Holtz is the Executive Vice President and General Counsel to Steward Health Care System. The transaction is subject to closing conditions, including approvals from the Massachusetts Attorney General, the Massachusetts Department of Public Health and the Archbishop of Boston. Steward Health Care's mission statement To serve the needs of our communities by delivering the highest quality care with compassion and respect.

The transaction will cover all pension obligations for current and former Caritas employees, repayment of the system’s outstanding debt, a capital investment to fund operations, and a commitment to approximately $400 million of capital projects, including six major construction projects that will provide immediate upgrades to each of the Caritas Christi hospitals, it says. Steward Health Care is an industry leader with 40,000 employees and an annual revenue of 8.0B that is headquartered in Boston, MA. In our case, we gave them to the Cobb/Douglas Department of Health here in Northwest Metro Atlanta, who immediately put them to good use.

Working together, we bring Boston-level, academic medical center care and research. I am a Family Medicine physician practicing in Groton, MA, affiliated with. Signature Healthcare Brockton Hospital 680 Centre Street Brockton, MA 02302. Caritas Christi Health Care (CCHC), a six-hospital system based in Boston, has signed an agreement to be acquired by Steward Healthcare System LLC, a newly formed affiliate of Cerberus Capital Management, in a deal valued at $830 million. Steward hospitals, the Steward Healthcare Network, and the Steward Medical Group.