Steward Health Care System, the entity formed by Carita’s buyer Cerberus Capital Management to run the six-hospital system, agreed to buy Merrimack Valley Hospital in Haverhill, Mass., and Nashoba Valley Medical Center in Ayer, Mass. The financial terms of the agreement were not disclosed.
As part of the agreement, Steward guaranteed it would continue all current clinical services and maintain the current levels of charity care provided by the hospitals, according to the report.
The announcement comes just a month after Cerberus finalized its acquisition of then non-profit Caritas Christi.
Read the Boston Globe report on Caritas Christi.
Read more coverage on Caritas Christi:
– Caritas Christi Sale Finalized; New For-Profit System Plans ACO
– Massachusetts Supreme Court Approves Caritas Christi Sale
– Massachusetts Supreme Court Justice to Review Caritas Christi Sale
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
