Tenet To Acquire Vanguard Health Systems For $1.8 Billion

Circle Connections: Mergers & Acquisitions Tenet Healthcare has agreed to acquire Vanguard Health Systems. A big winner in the deal is the Blackstone Group, which owns 37.9% of Vanguard as of the end of March. The biggest shareholder of Tenet is the hedge fund manager Larry Robbins Glenview Capital, which owns a 9.51% stake, after selling some four million shares as of May 14. H.M.A. has been the subject of takeover speculation. Based in Nashville, Vanguard owns and operates 28 acute care hospitals with 7,081 licensed beds in San Antonio, Harlingen and Brownsville in Texas . . .