Cerberus Quadruples Money After Unusual Exit From Hospital Giant
- Private equity firm makes an $800 million profit in a decade
- It exits after offloading to Steward Health Care doctors
This article is for subscribers only.
Cerberus Capital Management, demonstrating the rewards of Wall Street’s rush into health care, made a roughly $800 million profit on its investment in struggling Catholic hospitals, records show.
The New York private equity firm quadrupled its money over a decade, according to internal documents and a federal filing this month.