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Tenet Healthcare buying Vanguard Health for $1.8B
The Mercury News

Tenet Healthcare Corp. plans to buy fellow hospital operator Vanguard Health Systems Inc. for about $1.8 billion, in a deal that will expand its reach into new markets as millions of patients start to gain insurance coverage through the health care overhaul. Tenet said Monday that it will pay $21 per share, a 70 percent premium to Vanguard Health’s Friday closing price of $12.37. The companies said the transaction also includes $2.5 billion in debt, and they value the entire deal at $4.3 billion.

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