Tenet Buys Vanguard For $4.3 Bln - Presented by: The Aol. On Network

Tenet Healthcare is buying its smaller rival, Vanguard Health Systems, for $4.3 billion dollars in cash and debt. It's the latest sign of consolidation in the U.S. hospital industry. Tenet is paying a hefty 70 percent premium, offering $21 a share. The companies expect the deal to close before year end and boost income in its first year with cost savings of up to $200 million.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
BAC $ 17.03 0.19 ▼ 1.10%
INTC $ 30.555 0.38 ▲ 1.24%
AAPL $ 126.44 0.16 ▼ 0.13%
XIV $ 40.59 2.71 ▼ 6.26%
MU $ 19.07 0.29 ▲ 1.54%
GE $ 26.78 0.12 ▲ 0.45%
VALE $ 5.85 0.09 ▲ 1.56%
PBR $ 8.83 0.18 ▲ 2.08%

As of 7/2/2015, 04:15 PM