PUBLICLY TRADED VANGUARD ACQUIRES MAJORITY INTEREST IN TEXAS SYSTEM
By John Mugford
Acquisitions of independent hospitals by larger companies and health systems are continuing at a rapid pace.
In a recent example, Nashville, Tenn.-based Vanguard Health Systems (NYSE: VHS), a publicly traded system with 26 hospitals and complementary facilities nationwide, acquired a 51 percent interest in a joint venture (JV) that has purchased the assets of the Valley Baptist Health System (VBHS), a two-campus, 866-bed system in the Rio Grande Valley of Texas.
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