Modern Healthcare - - Opinions Editorials -

“Plans by a pri­vate-eq­uity buyer to con­vert Car­i­tas Christi from a non­profit into a for-profit—and put the six Car­i­tas hos­pi­tals onto the tax rolls—came as good news this week. ... But the at­tor­ney gen­eral and the state Supreme Ju­di­cial Court must first de­ter­mine if the sale is in the pub­lic in­ter­est. Bar­ring un­fore­seen dis­clo­sures, it is. The trans­ac­tion ap­pears re­plete with com­mu­nity ben­e­fits for the hos­pi­tals’ pa­tients and their em­ploy­ees. Cer­berus, the buyer, prom­ises to pony up $430 mil­lion or so to re­pay the sys­tem’s debt ... and in­vest ... in fu­ture op­er­a­tions.” — Bos­ton Globe “It’s ironic that while Pres­i­dent Barack Obama is bash­ing prof­its as the scourge of the health­care in­dus­try, it is a for-profit hospi­tal com­pany that is of­fer­ing the best hope for the in­di­gent res­i­dents of Detroit to con­tinue get­ting qual­ity treat­ment. The Detroit Med­i­cal Cen­ter, one of the finest non­profit hospi­tal sys­tems in the coun­try, will be taken over this sum­mer by Van­guard Health Sys­tems, a pri­vate hospi­tal net­work out of Nashville. … The de­sire by Van­guard to make some se­ri­ous money in Detroit will pay off big for the city’s poor.” — Detroit News

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