June 21, 2002 |
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.
December 22, 1999 |
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.
September 30, 1998 |
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.
October 29, 2008 |
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.
August 13, 1998 |
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.
June 21, 2006 |
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.