Boston-based Caritas financing deal put on hold; 160 face layoffs

Boston Globe, December 5, 2008

A $100 million financing deal between Boston-based hospital chain Caritas Christi Health Care and Ascension Health of St. Louis is on hold, leaving Caritas without needed capital. At the same time, Caritas Christi plans to lay off about 160 workers—1.2% of it workforce of 13,000—to cut expenses. The two moves make a financial turnaround for the Archdiocese of Boston's six-hospital chain more challenging for chief executive Ralph de la Torre.


MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2015 a division of BLR All rights reserved.