Do we really want a Wall Street investment firm sucking money out of local hospitals?

He answers the question later in his blog. Cerebus has determined that Caritas needs a capital infusion to be used making otherwise impossible changes to operations and infrastructure. With changes in place, the hospital becomes profitable. That's the theory, and it is precisely what I thought was the likely answer when I opened the blog. What surprised me was that he came to the same conclusion which leads me to wonder why he asks the question in the first place.

There is a second likely element to Cerebus' thinking, that being that the served population will be more likely to have insurance in the future, and therefore less costly to serve in terms of lost revenue. Again, that pay-off is down the road, so the hospital needs deeper pockets to bridge the gap between now and later.