Tenet to Sell $4.6B in Notes to Fund Vanguard Deal

Dallas-based Tenet Healthcare Corp. is looking to sell $2.8 billion in senior unsecured notes and $1.8 billion in senior secured notes, which will help finance the chain’s pending acquisition of Nashville, Tenn.-based Vanguard Health Systems.

Advertisement

In June, Tenet and Vanguard signed a definitive merger deal, worth roughly $4.3 billion. Roughly $2.5 billion of the acquisition is the assumption of Vanguard’s debt.

The merger is one of the largest in the industry. If approved, Tenet would own at least 79 hospitals and 157 ambulatory surgery centers and outpatient centers.

More Articles on Hospital Finance:
Private Equity and Non-Profit Hospitals: Strange Bedfellows or Saving Grace?
Tenet Completes $850M Private Offering
CHS Completes Latest $1B Debt Offering

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.