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Tenet completes $1.8 billion acquisition of Vanguard
Modern Healthcare

Tenet Healthcare Corp., Dallas, has completed its $1.8 billion acquisition of Vanguard Health Systems, Nashville. “We’ve been planning for this day for a long time,” Tenet President and CEO Trevor Fetter said. “We begin in earnest in a couple of weeks, digging in on our strategy.” The deal, which closed earlier than expected, creates a system with 77 acute-care hospitals, five health plans and six accountable-care organizations, according to Tenet. It also bolsters Tenet’s strength in the key state of Texas and adds population health management capabilities to one of the country’s largest investor-owned hospital chains.