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Tenet to Acquire Vanguard in Surprise $4.3B Deal
Health Leaders Media

Tenet Healthcare Corp. jolted the hospital industry this week with the surprise announcement that it will acquire smaller rival Vanguard Health System in a deal the two for-profit hospitals chains valued at $4.3 billion.

This latest high-profile consolidation in the hospital industry is expected to be finalized by the end of this year, just as millions of people gain health insurance under the Patient Protection and Affordable Care Act.