Tenet Healthcare is buying its smaller rival, Vanguard Health Systems, for $4.3 billion dollars in cash and debt. It's the latest sign of consolidation in the U.S. hospital industry. Tenet is paying a hefty 70 percent premium, offering $21 a share. The companies expect the deal to close before year end and boost income in its first year with cost savings of up to $200 million.moreless
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