Tenet Healthcare Completes Acquisition Of Vanguard Health Systems - Quick Facts

(RTTNews) - Hospital operator Tenet Healthcare Corp. (THC) said Tuesday that it has completed acquisition of Vanguard Health Systems Inc. for about $4.3 billion, or $21.00 per share of Vanguard stock, including the assumption of $2.5 billion of net Vanguard debt.

The company will retain its headquarters in Dallas and maintain a significant operations office in Nashville. Tenet now operates 77 acute care hospitals, 173 outpatient centers, five health plans and six accountable care organizations. Tenet employs more than 100,000 people.

As a result of the closing of this acquisition, Vanguard Health Systems (VHS) has ceased trading on the New York Stock Exchange, Tenet Healthcare said.

It was on June 24 that Tenet Healthcare agreed to acquire Vanguard Health Systems for $21 per share in an all cash deal.