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Companies: Cain Brothers represents VHS in deal

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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