A number of community hospitals that compete with Brighton, Mass.-based Caritas Christi Health Care have come together to ask the state attorney general to impose strict rules on the currently non-profit health system following its sale to private equity firm Cerberus Capital Management, according to a Boston Globe report.
Specifically, the group is requesting a three-year ban on price increases for hospital services and restrictions on limited network contracts with payors, which could exclude other providers from contracting with the payor. They are also asking the attorney general to prohibit Cerberus from selling the hospitals for seven years — four more years than what is currently proposed.
An attorney representing the community hospital coalition said in the report that Caritas could become "predatory" if certain protections aren't enacted.
Read the Boston Globe report on Caritas Christi.
Read more coverage on Caritas Christi:
- Caritas Christi May Convert Rhode Island's Landmark Medical
- Caritas Christi Closer to Acquiring Rhode Island's Landmark Medical Center
- Massachusetts Will Hold Hearings on Selling Caritas Christi to For-Profit Group
Specifically, the group is requesting a three-year ban on price increases for hospital services and restrictions on limited network contracts with payors, which could exclude other providers from contracting with the payor. They are also asking the attorney general to prohibit Cerberus from selling the hospitals for seven years — four more years than what is currently proposed.
An attorney representing the community hospital coalition said in the report that Caritas could become "predatory" if certain protections aren't enacted.
Read the Boston Globe report on Caritas Christi.
Read more coverage on Caritas Christi:
- Caritas Christi May Convert Rhode Island's Landmark Medical
- Caritas Christi Closer to Acquiring Rhode Island's Landmark Medical Center
- Massachusetts Will Hold Hearings on Selling Caritas Christi to For-Profit Group