Gibson Dunn Guides Tenet In $1.8B Vanguard Health Buy

Law360, New York (June 24, 2013, 2:00 PM EDT) -- Tenet Healthcare Corp. has inked a $1.8 billion deal to buy Tennessee-based Vanguard Health Systems, announcing Monday that acquiring the health care provider, which is largely owned by a private equity firm, would launch the businesses into the top position in several major markets.

The deal cuts costs and greatly expands the number of Tenet's hospitals across the country — benefits both companies expect will enhance their position ahead of pending federal health care overhaul, Tenet said Monday. Including $2.5 billion in Vanguard’s debt, the acquisition...
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