MA religious hospital chain to cede control

After studying their position in the marketplace, executives with Boston-based Caritas Christi Health Care system are looking at merging, selling or giving up control of their operations to a national Catholic chain with more resources. Caritas, a six-hospital network whose facilities include St. Elizabeth's Medical Center of Boston, a tertiary academic teaching hospital affiliated with Tufts University School of Medicine, is one of several regional Catholic chains considering a similar shift in direction. Also, Caritas has faced has faced its own challenges in recent years, including the resignation of chief executive Dr. Robert Haddad under accusations of sexual harassment. Caritas is not in the red, however, generating a $27 million surplus on operations in fiscal 2006. Both Ascension Health and Catholic Health East are rumored to be potential suitors, though neither would comment on the rumors.

For more information on the proposed transaction:
- read this article from The Boston Globe

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