Hospital operator Tenet Healthcare (THC) has agreed to acquire smaller rival Vanguard Health...

|About: Tenet Healthcare Corporation (THC)|By:, SA News Editor

Hospital operator Tenet Healthcare (THC) has agreed to acquire smaller rival Vanguard Health Systems (VHS) for $4.3B including debt in a deal that will enable Tenet to expand into new territories. Tenet's offer of $21 a share represents a premium of 70% to Vanguard's Friday close of $12.37. Vanguard's shares are +66% premarket. (PR)