By: Ramona Thomas
Tenet Healthcare Corporation’s recent announcement of its intent to purchase Vanguard Health Systems is one of the largest deals among investor-owned hospital chains since the passage of President Obama’s healthcare reform. The purchase will put Tenet in a prime position to serve the millions of previously-uninsured Americans about to be covered under the Affordable Care Act. “All of the uncertainty around health reform has many healthcare systems concerned about how they are going to navigate this new era. You have to have size and scale to succeed,” said Tenet Chief Executive Trevor Fetter. With this purchase, Tenet will now become the second-largest for-profit hospital system in the United States.
