Judie Brown
Judie Brown
July 10, 2010
July 10, 2010
I have seen several news reports about the possibility of the $25 billion-dollar investment firm, Cerberus Capital Management, L.P. http://www.cerberuscapital.com coming in to rescue Caritas Christi Health Care in Boston by taking it over and turning it into a profitable venture. Writing about the possibility of such a deal being finalized, Yvonne Abraham, columnist for theBoston Globe, voiced many concernshttp://www.boston.com/news/local/massachusetts/articles/2010/07/08/whistle_up_a_watchdog/ "and not just because the buyer is named for the three-headed dog that guards the gates of hell." http://www.merriam-webster.com/dictionary/cerberus Foremost in her list of concerns are such things as the elimination of services that aren't profitable — like mental health services, the closing of hospitals that don't generate enough money and the provision of less free care to those in need.
