Nashville, Tenn.-based Vanguard Health Systems has finalized the terms of a joint venture with Valley Baptist Health Systems, based in Harlingen, Texas, according to a joint news release.
Under the deal, Vanguard acquired a 51 percent interest in the assets of VBHS, an 866-bed health system. Vanguard’s cash investment in the joint venture was approximately $210 million.
The terms officially went into effect Sept. 1, concluding a process that began late last year.
Related Articles on Vanguard Transactions:
Chicago’s Holy Cross Hospital, Vanguard Health Systems Planned Merger Called Off
Donations to Now Vanguard-Owned DMC to be Transferred to Children’s Hospital Foundation
Vanguard Health Systems’ Profit Up Sharply With DMC Acquisition
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
