October 1, 2013- Tenet Completes Acquisition of Vanguard Health Systems
Combined Operations Include 77 Acute Care Hospitals, 173 Outpatient Centers and 5 Health Plans; Conifer Health Solutions Serving More than 600 Clients in 43 States; More Than 100,000 Tenet Employees
Tenet Healthcare Corporation (NYSE:THC) has completed its previously announced acquisition of Vanguard Health Systems, Inc. for approximately $4.3 billion, or $21.00 per share of Vanguard stock, including the assumption of $2.5 billion of net Vanguard debt.
“Through this acquisition, we have significantly increased our scale and expanded the services we offer,” said Trevor Fetter, Tenet’s president and chief executive officer. “We intend to be a leader in addressing the opportunities in our healthcare system, and we are strongly positioned to drive improvements in quality and value for the millions of people to whom we provide care."
The company will retain its headquarters in Dallas and maintain a significant operations office in Nashville. Tenet now operates 77 acute care hospitals, 173 outpatient centers, five health plans and six accountable care organizations. An important new hospital is under construction in New Braunfels, Texas. In addition, the company includes Conifer Health Solutions, which provides health business process solutions at 15 service centers serving 600 clients across 43 states. Tenet employs more than 100,000 people.
As a result of the closing of this acquisition, Vanguard Health Systems (NYSE:VHS) has ceased trading on the New York Stock Exchange.
About Tenet Healthcare
Tenet Healthcare Corporation, a leading health care services company, through its subsidiaries operates 77 acute care hospitals, 173 outpatient centers and Conifer Health Solutions, a leader in business process solutions for health care providers serving more than 600 hospital and other clients nationwide. Tenet’s hospitals and related health care facilities are committed to providing high quality care to patients in the communities they serve. For more information, please visit www.tenethealth.com.
Media: Steven Campanini (469) 893-2247 Investors: Thomas Rice (469) 893-2522
Forward Looking Statements
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WHAT IS H1N1 INFLUENZA?
H1N1 influenza is a respiratory disease that is caused by a type A influenza virus. The current H1N1 virus contains unique genes from pig and human influenza viruses and hence is called the “Novel H1N1 Influenza Virus”. This strain of flu germ spreads from human to human and can cause illness.
Does H1N1 INFLUENZA pose special risks for pregnant women?
Pregnant women are at an increased risk of catching H1N1 or seasonal flu. Pregnant patients with H1N1 infection have an increased risk of complications. Although influenza viruses do not infect the baby while in the uterus, the high fever and any complications caused by the flu can potentially be harmful to the baby.
WHAT PRECAUTIONS CAN I TAKE TO PROTECT MYSELF AND MY UNBORN BABY?
The best way to protect yourself and your unborn baby is to have a vaccination (which is safe during pregnancy). You should also make sure you follow good hygiene practices including:
- Wash your hands often with soap and warm water. Alcohol-based gel hand cleaners are also good to use.
- Try to avoid close contact with sick people.
- Talk to your doctor about your concerns.
WHAT ARE THE SYMPTOMS OF H1N1 INFLUENZA?
The symptoms of H1N1 flu are similar to the symptoms of seasonal flu and may include acute onset of:
- Fever (greater than 100 F or 37.8 C)
- Sore Throat
- Stuffy nose
- Some people have reported diarrhea and vomiting associated with H1N1 flu.
WILL THE SYMPTOMS BE THE SAME IF I AM PREGNANT?
Yes, the symptoms of flu will be the same as in women who are not pregnant.
WHAT SHOULD I DO IF I GET SICK?
If you get sick with flu-like symptoms, stay home, limit contact with others, and call your doctor as soon as possible.
- Treat any fever right away. Tylenol® (acetaminophen) is the best treatment of fever in pregnancy.
- Get plenty of rest and drink clear fluids.
- Your doctor may test you for flu or will decide if you need medications to treat the flu.
- Cover your nose and mouth with a tissue when you cough or sneeze. Throw the tissue in the trash and cleanse your hands.
- Clean hands often with soap and water or alcohol- based hand rub.
- Do not go to work, school, or other public places while you are ill.
- Avoid close contact with other people.
- Get emergency medical care right away if you have trouble breathing, chest pain, purple or blue lips or skin, severe vomiting and are dehydrated and/or dizzy, unresponsive or confused.
IS IT OK TO BREAST FEED MY BABY IF I AM SICK?
- Do not stop breastfeeding if you are ill. This will help protect your baby from infection.
- Be careful not to cough or sneeze in the baby’s face, wash your hands often.
- Your doctor might ask you to wear a mask to keep from spreading this new virus to your baby.
- If you are too sick to breastfeed, pump and have someone give the expressed milk to your baby.
IS THERE A VACCINE FOR H1N1 INFLUENZA?
Yes, an H1N1 virus vaccine is expected to be available in mid- to late October 2009. The CDC recommends this vaccine for pregnant women when it first becomes available. This vaccine has been tested in pregnant women and found to be safe and effective.
REMEMBER: The seasonal flu vaccine is not expected to protect against the H1N1 flu, therefore individuals are encouraged to get both types of vaccines.