Healthcare deals accelerated in June, a month that saw more than 90 transactions across all sectors and the proposed $4.3 billion acquisition of Vanguard Health Systems by Tenet Healthcare Corp., according to Modern Healthcare's Healthcare M&A Watch.
Tenet, based in Dallas, would gain scale and reach in Arizona, Illinois, Michigan and Massachusetts with the deal for Nashville-based Vanguard. The proposed acquisition, which includes $2.5 billion in debt, easily eclipsed other large healthcare deals announced in June, including the $1.3 billion deal for the clinical research company PRA International by private equity firm KKR & Co. Vanguard would also bring its health plans and experience with new payment models to the deal. Recent health system transactions have shown an appetite among hospital operators for greater exposure to insurance assets.
