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Tenet Healthcare buying Vanguard Health for $1.8B
USA Today

Tenet Healthcare Corp. is buying Vanguard Health Systems Inc. for about $1.8 billion, helping to expand its service offerings and broaden its geographic reach.

Tenet will pay $21 per share, a 70% premium to Vanguard Health’s Friday closing price of $12.37.

Shares of Vanguard Health soared $8.14, or 65.8%, to $20.51 in premarket trading Monday.

The companies said Monday that the transaction also includes $2.5 billion in debt and value the entire deal at $4.3 billion.