Tenet Healthcare to buy Vanguard Health for $4.3 bln

June 24 Mon Jun 24, 2013 6:25am EDT

June 24 (Reuters) - U.S. hospital operator Tenet Healthcare Corp will buy smaller rival Vanguard Health Systems Inc for $4.3 billion including debt to expand into new geographies.

The offer of $21 per share represents a premium of 70 percent to Vanguard's Friday close.

The companies said the deal includes the assumption of $2.5 billion of debt.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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