Supreme Judicial Court Associate Justice Francis Spina will review the sale of Boston-based non-profit Caritas Christi Health Care System to private equity firm Cerberus Capital Management, according to a Boston Globe report.
Justice Spina is scheduled to begin the review of the $895 million deal today, though it remains unclear when a decision will be announced, according to the report.
The deal has already been approved by the state attorney general, but must gain Supreme Court approval because it involves the transfer of assets from a non-profit entity to a for-profit one.
Read the Boston Globe report on Caritas Christi.
Read more coverage on Caritas Christi:
- Massachusetts Health Council Approves Caritas Christi Sale
- Massachusetts Attorney General Approves Caritas Christi Sale
- Competitors of Caritas Christi Seek Strict Rules for the System Following Sale to For-Profit Firm
Justice Spina is scheduled to begin the review of the $895 million deal today, though it remains unclear when a decision will be announced, according to the report.
The deal has already been approved by the state attorney general, but must gain Supreme Court approval because it involves the transfer of assets from a non-profit entity to a for-profit one.
Read the Boston Globe report on Caritas Christi.
Read more coverage on Caritas Christi:
- Massachusetts Health Council Approves Caritas Christi Sale
- Massachusetts Attorney General Approves Caritas Christi Sale
- Competitors of Caritas Christi Seek Strict Rules for the System Following Sale to For-Profit Firm