Community Health/Tenet Healthcare
Community Health Systems, Inc. (NYSE: CYH) today announced that it has made an offer to acquire Tenet Healthcare Corporation (NYSE: THC) for $6.00 per share, including $5.00 per share in cash and $1.00 per share in CHS common stock.
Total value on the transaction is $7.3 billion, with $3.3 billion in equity and $4 billion in net debt.
The acquisition of Tenet is expected to be accretive to CHS’s earnings per share in the first full year after closing, excluding one-time costs.
CHS’s financial advisor is Credit Suisse and its legal advisor is Kirkland & Ellis LLP.
Total value on the transaction is $7.3 billion, with $3.3 billion in equity and $4 billion in net debt.
The acquisition of Tenet is expected to be accretive to CHS’s earnings per share in the first full year after closing, excluding one-time costs.
CHS’s financial advisor is Credit Suisse and its legal advisor is Kirkland & Ellis LLP.
-
Hospitals shares surge as market absorbs Republican health bill failure
-
Industry questions higher insurance costs under Republican plan
-
StreetInsider.com's Stocks for an Obama Victory
-
Canaccord Genuity Morning Coffee on SPDR Health Care E.T.F. (XLV): Good News, Bad News
-
George Soros' Hedge Fund Slashes Stake In Gold ETF (GLD), Raises Stake in Citi (C) and AT&T (T)
