Boston-based Caritas Christi brought in more than $1.4 billion in total revenues in fiscal year 2010, and it recorded a total net income from operations of $16.79 million in its last year as a non-profit health system, according to Massachusetts state documents (pdf).
Caritas Christi is now known as Steward Health Care, a for-profit enterprise, after private equity firm Cerberus Capital Management purchased the system in Nov. 2010.
Additionally, Caritas Christi recorded net assets worth roughly $925 million in the fiscal year ending Sept. 30, 2010.
From Stable to Negative: 6 Reasons Behind Gloomy Non-Profit Hospital Outlooks
All Children's Hospital in Florida Reported $313.2M in Revenue in 2009
Caritas Christi is now known as Steward Health Care, a for-profit enterprise, after private equity firm Cerberus Capital Management purchased the system in Nov. 2010.
Additionally, Caritas Christi recorded net assets worth roughly $925 million in the fiscal year ending Sept. 30, 2010.
Related Articles on Hospital Finances:
Catholic Health Initiatives' Bonds Receive 'AA/F1+' Rating From FitchFrom Stable to Negative: 6 Reasons Behind Gloomy Non-Profit Hospital Outlooks
All Children's Hospital in Florida Reported $313.2M in Revenue in 2009