Cerberus Buys Health Care Group For $830M

Law360, New York (March 26, 2010, 2:05 PM EDT) -- A new affiliate of private equity giant Cerberus Capital Management LP has reached a deal to acquire Caritas Christi Health Care, the largest community-based health care system in New England, in a deal valued at $830 million.

Caritas said in a statement Thursday that the agreement marked a successful resolution of its search for a capital investor to help bolster the health care system's efforts to turn itself around in a tough economic climate and position it for future growth.

The deal will give Caritas significant...
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