Monday, June 24, 2013
Tenet Healthcare to buy Vanguard Health for $4.3 billion
Trevor Fetter, CEO of Tenet Healthcare, speaks at the Reuters Health Summit in New York, May 7, 2013.
Credit: Reuters/Brendan McDermid
(Reuters) - U.S. hospital operator Tenet Healthcare Corp will buy smaller rival Vanguard Health Systems Inc for $4.3 billion including debt to expand into new geographies.
The offer of $21 per share represents a premium of 70 percent to Vanguard's Friday close.
The companies said the deal includes the assumption of $2.5 billion of debt.
(Reporting by Esha Dey in Bangalore; Editing by Roshni Menon)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: 'You Say What You Like, Because They Like What You Say' - http://www.medialens.org/index.php/alerts/alert-archive/alerts-2013/731-you-say-what-you-like-because-they-like-what-you-say.html
