Vanguard Healthcare Systems Inc

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.

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.