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Tenet Healthcare to buy Vanguard Health for $4.3 bln
June 24 |
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.
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