Greater Lowell

Globe Urges Continued Coakley Oversight of Caritas

In today’s edition, the Globe editorial urges Attorney General Martha Coakley to withhold her support for the Caritas Christi Health Care sale to the for-profit private equity firm Cerberus Capital Management unless Cerberus agrees to a continued financial oversight by the Commonwealth after completion of the sale.  From the editorial…

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Is Caritas Deal Near – With Conditions?

The Globe is reporting in today’s edition that after some stormy weeks of negotiations, changes in funding, greater deficit and shortfall discoveries – that Caritas Christi Health Care buy out by the for-profit Cerberus Capital Management firm has been salvaged. The buy-out agreement is subject to a review and conditions imposed…

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A Heads-Up from Lowell’s Community Teamwork (CTI)

On the heels of a discussion at Community Teamwork’s Board of Director’s meeting last night, staff members will get some important news today. Since 1979 the headquarters of this region’s highly regarded community action agency, has been housed at 167 Dutton Street – once known as the historic Mechanics Hall. Over the…

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Former AG Jim Shannon Weighs In On Caritas Sale

In an op-ed piece in today’s Boston Globe, former Massachusetts Attorney General and Member of Congress from the 5th District – Jim Shannon – weighs-in on the pending sale of the Caritas Christi Health Care systems to Cerebus Capital Partners – a for-profit private equity firm. Commenting on Attorney General Martha…

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