Tenet to Buy Vanguard Health amid 'Obamacare' M&A FrenzyRegister Today!
- by NRSKarenRN Jun 29Tenet to Buy Vanguard Health amid 'Obamacare' M&A FrenzyTenet Healthcare is buying Vanguard Health Systems for $21 a share
Tenet's acquisition of Vanguard focuses on the sprawling U.S. hospital and healthcare practice industry, which is quietly in the throes of consolidation, according to industry sources.
The company will expand its total base of hospitals to 79 and its number of outpatient facilities to 157, the company said in a statement. Vanguard Health Solutions will also further diversify Tenet into states such as Texas and increase the company's overall footprint to 16 states.
Tenet highlights states such as Texas should see a fast rising base of customers in the wake of 'Obamacare,' in a Monday press release. Analysts have noted the Act may increase the number of users of hospitals and outpatient facilities, while also reducing companies' bad debt expense, given an expected increase in overall healthcare coverage nationwide. States previously lagging in coverage may see the biggest change.
- Jun 29 by herring_RNLots of mergers and aquisitions now. Just in time for the Affordable Care Act. I'm not thinking this is good.
Hospital chains keep getting bigger
Association of Independent Doctors (AID) Comments on AHA Release Regarding Hospital Mergers - WSJ.com
AHA: Hospital Consolidation Trend A Positive Development - Kaiser Health News
Hospitals, Under Fire For High Prices, Say Mergers Overblown - Forbes