Cerberus Capital Management

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Caritas Owners Keep On Buying

The new owners of the Caritas Christs hospitals, continue their buying spree

Continuing their local acquisition spree, Cerberus Capital Management, the private equity firm that last month bought the six formerly non-profit Caritas Christi hospitals (and formed the company Steward Health Care Systems LLC to run the chain) will purchase two more Massachusetts hospitals, The Boston Globe reports.

The 124-bed Merrimack Valley Hospital in Haverhill and 57-bed Nashoba Valley Medical Center in Ayer — both owned by Essent Healthcare of Nashville — will be sold to Steward for a price the parties, both private businesses, aren’t disclosing.