Following Apostolic Visitation, Pope Names Cardinal Head of Religious Community

Catholic Culture
February 19, 2013

http://www.catholicculture.org/news/headlines/index.cfm?storyid=17098

Pope Benedict has named Cardinal Giuseppe Versaldi, the president of the Prefecture for Economic Affairs of the Holy See, as his pontifical delegate to govern the Congregation of the Sons of the Immaculate Conception.

The February 15 decision follows an apostolic visitation of the community by Archbishop Filippo Iannone, the second leading official in the Diocese of Rome.

Founded by Blessed Luigi Maria Monti in 1857, the community operates an Italian hospital group whose budget shortfall is estimated at $800 million. A statement from the Holy See Press Office noted that Cardinal Versaldi “will have the task of guiding the religious institute and leading the healthcare structures it manages to a possible economic recovery,” but in a manner “excluding the participation of the Holy See in these works.”