Market Overview

Tenet Healthcare to Acquire Vanguard Health Systems for $21/Share in Cash

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Tenet Healthcare Corporation (NYSE: THC) and Vanguard Health Systems,
Inc. (NYSE: VHS) have signed a definitive agreement whereby Tenet will
acquire Vanguard for $21 per share in an all cash transaction. The
acquisition is valued at $4.3 billion including the assumption of $2.5
billion in Vanguard debt. Tenet expects the transaction to be accretive
to earnings in the first year. Anticipated annual synergies are $100
million to $200 million. Both Boards of Directors have unanimously
approved the transaction and Tenet has secured fully committed financing
from Bank of America Merrill Lynch.

“This unique strategic transaction will bring together organizations
that share a common commitment to providing high quality care and create
significant new

See full press release

Posted-In: News Guidance Contracts Management M&A Global


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