The AFSCE Council 31 says Vanguard cannot afford the purchases because an analysis of its financial records shows that the company has accrued other debt in buying other hospital systems, according to the report. Officials from Vanguard say it can afford to make the deals, and the Illinois facilities risk closing if the sale is not completed.
Vanguard hopes to close the deal on the Illinois facilities by June 30. The company has set a June 1 deadline to finalize the DMC acquisition, according to the report.
Read the Free Press’s report about Vanguard’s purchase of non-profit hospitals.
