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BUSINESS
October 13, 2004 | From Bloomberg News
Tenet Healthcare Corp., a hospital chain under federal investigation, said Tuesday that it had agreed to sell three Massachusetts hospitals for about $126.7 million to Vanguard Health Systems Inc. as part of a plan to return to profitability. The sale of the hospitals and assets as well as proceeds from a tax benefit will total about $167 million, the Santa Barbara-based company said.
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BUSINESS
October 13, 2004 | From Bloomberg News
Tenet Healthcare Corp., a hospital chain under federal investigation, said Tuesday that it had agreed to sell three Massachusetts hospitals for about $126.7 million to Vanguard Health Systems Inc. as part of a plan to return to profitability. The sale of the hospitals and assets as well as proceeds from a tax benefit will total about $167 million, the Santa Barbara-based company said.
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BUSINESS
September 4, 1999 | ROBIN FIELDS, TIMES STAFF WRITER
Nashville-based Vanguard Health Systems has acquired two Orange County hospitals from Triad Hospitals Inc. in Dallas, the companies announced Friday. Vanguard will take over the 219-bed West Anaheim Medical Center in Anaheim and the 130-bed Huntington Beach Hospital in Huntington Beach. The deal also gives Vanguard an interest in North Anaheim Surgicenter, an outpatient surgery center in Anaheim. Terms of the purchase were not disclosed.
BUSINESS
September 4, 1999 | ROBIN FIELDS, TIMES STAFF WRITER
Nashville-based Vanguard Health Systems has acquired two Orange County hospitals from Triad Hospitals Inc. in Dallas, the companies announced Friday. Vanguard will take over the 219-bed West Anaheim Medical Center in Anaheim and the 130-bed Huntington Beach Hospital in Huntington Beach. The deal also gives Vanguard an interest in North Anaheim Surgicenter, an outpatient surgery center in Anaheim. Terms of the purchase were not disclosed.
BUSINESS
June 21, 2002 | A Times Staff Writer
Tenet Healthcare Corp., the nation's second-largest hospital chain, lost its bid to acquire Baptist Health System, a financially troubled nonprofit organization that operates five hospitals in San Antonio. Santa Barbara-based Tenet had partnered with Christus Santa Rosa Health Care to take control of the chain, which would have expanded Tenet's holdings in Texas to 19 hospitals. But Baptist Health said it chose a proposal by Vanguard Health Systems Inc.
BUSINESS
September 30, 1998 | Bloomberg News
Tenet Healthcare Corp. won a judge's approval of its $345-million bid to buy eight Philadelphia-area hospitals from Allegheny Health Education & Research Foundation as part of a bankruptcy reorganization. Santa Barbara-based Tenet had said it wasn't going to bid on the hospitals because Vanguard Health Systems Inc. had already bid $460 million, plus $80 million if the hospitals met certain earnings targets.
BUSINESS
December 22, 1999 | (Hector Becerra)
Memorial Health Services in Long Beach has agreed to sell La Palma Intercommunity Hospital to Nashville-based Vanguard Health Systems. Terms were not disclosed. Sale of the 141-bed acute-care facility should be completed in the first quarter of next year, Vanguard said. "Vanguard is committed to enhancing La Palma's capital strength, operational efficiencies and market position in addition to building upon the quality medical staff, employees and volunteers," said Joseph D.
BUSINESS
October 29, 2008 | Bloomberg News
Shares of Apria Healthcare Group Inc., the largest U.S. provider of home-medical equipment, jumped the most in 16 years after the company closed its $1.7-billion sale to Blackstone Group. "Many people were concerned the deal wouldn't get done," said Arthur Henderson, an analyst with Jefferies & Co. in Nashville. "But it appears they have secured the financing needed." Blackstone is paying $21 a share and plans to merge the Lake Forest company with its Sky Merger Sub Corp. unit.
BUSINESS
August 13, 1998 | Bloomberg News
Tenet Healthcare Corp. bid $465 million to buy eight hospitals from Allegheny Health Education & Research Foundation, pitting it against smaller Vanguard Health Systems Inc. in a battle to become one of Philadelphia's largest hospital operators. Pittsburgh-based Allegheny Health is selling the Philadelphia-area hospitals as part of a court-supervised bankruptcy reorganization.
BUSINESS
June 21, 2006 | From Reuters
Nurses backed by the biggest U.S. healthcare union Tuesday filed four class-action lawsuits against some of the biggest U.S. hospitals, including No. 1 chain HCA Inc., claiming that they conspired to depress wages amid a national shortage of nurses. The lawsuits, which also target the biggest U.S.
BUSINESS
May 22, 2007 | Don Lee and Walter Hamilton, Times Staff Writers
For years China has been the world's factory floor, churning out plastic toys, appliances and socks. Now it's entering the world of very high finance. Moving for the first time to diversify its massive foreign-exchange reserves, the Chinese government agreed over the weekend to acquire a $3-billion stake in Blackstone Group, a huge investment firm that at the same time plans to sell an additional $4.75 billion of its shares to U.S. stock market investors.
CALIFORNIA | LOCAL
September 11, 2000 | JOE MATHEWS, TIMES STAFF WRITER
Long Beach residents may have stopped the closure of their beloved Community Medical Center. But will they still recognize the hospital they have saved? To give the 76-year-old hospital new life, investors and doctors from Termino Avenue to Tennessee will submit proposals this week to reinvent one of Southern California's oldest health care facilities. The result promises to be a leaner facility that is part hospital, part clinic and part school.
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