Tenet Healthcare To Acquire Vanguard Health Systems For $4.3 Billion

On June 24, 2013, Tenet Healthcare announced that it had agreed to acquire Vanguard Health Systems in a deal valued at $4.3 billion. The acquisition is expected to close before the end of 2013. Tenet will add 28 acute care and specialty hospitals and complementary facilities and services and 7,081 licensed beds to Tenet’s operations. This expands Tenet’s total territory to 16 states, 79 hospitals, and 157 outpatient facilities. Tenet will assume $2.5 million in Vanguard debt. Bank of America Merrill Lynch will finance the deal for Tenet. The companies announced that once the deal . . .