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.
-
Pre-Open Stock Movers 10/22: (OCLR) (PFPT) (TXN) (MCD) Higher; (RLYP) (CYH) (APOL) (VRX) Lower (more...)
-
HCA Holdings' (HCA) Peers Weaken as Outlook Disappoints (THC) (UHS) (CYH)
-
UPDATE: Citi Initiates Coverage on Managed Care and HC Facilities (CI) (ANTM) (CNC) (UNH)
-
Obamacare Subsidies Upheld by U.S. Supreme Court (UNH) (HCA) (CYH)
-
Deutsche Bank Positive on Hospital Sector Following SCOTUS Oral Arguments (CYH) (HCA) (LPNT) (THC) (UHS)
-
Glenview Capital Enters Apollo Group (APOL), Jarden (JAH), Packaging Corp; Lifts CBS (CBS), eBay (EBAY) (more...)
-
Obama Administration to Adjust How Doctors, Hospitals Receive Medicare Reimbursement (CYH) (THC) (HCA)
-
Hospital Stocks on Watch as Obamacare Subsidies to Come Under Review (ADPT) (CYH) (HCA) (SSY)
-
Robbins' Glenview Capital 13F Shows New Stakes in Brookdale (BKD), CDW (CDW), SunEdison (SUNE) (more...)
-
HCA Holdings (HCA)/Universal Health Services (UHS) PTs Raised at UBS (Earlier)
-
Glenview Capital Shows News Stakes in Applied Materials (AMAT), eBay (EBAY), Sprint (S), WellPoint (WLP) (more..)
-
Glenview Capital Enters Aetna (AET), Comcast (CMCSA), VeriFone (PAY) (more...)
-
UBS Starts CYH, HMA, HCA at Buy, THC, CCRN, VHS, UHS, LPNT at Neutral
-
Citi Upgrades Healthcare Stocks Ahead of Supreme Court Decision on Reform (THC) (HMA) (CYH) (HCA) (UHS) (VHS) (LPNT)
-
Clough Capital Buys More Citigroup (C), Opens Petrohawk Energy (HK) Position and Lowers Cisco (CSCO)
-
George Soros' Hedge Fund Slashes Stake In Gold ETF (GLD), Raises Stake in Citi (C) and AT&T (T)
-
UBS Raises Hospital Sector to Buy; Upgrades Tenet (THC), Community Health (CYH), Lifepoint (LPNT), Health Mgmt (HMA)

