Boston, MA 06/25/2013 (wallstreetpr) – Vanguard Health Systems Inc (NYSE:VHS) would be acquired by the leading player in the hospital care provider industry, the Dallas based Tenet Healthcare Inc. The aggregate value for the deal had been worked out to be $1.8 billion and is expected to be completed by the end of this fiscal year. This recent acquisition had been announced primarily aiming at tapping the benefits that would arise from providing healthcare services to millions of Americans who would be benefiting from the recently introduced President Barrack Obama insurance plan.
The recently announced health overhaul in the United States would become fully effective by the start of the calendar year 2014 and would thereby prove profitable to all large players in the industry. In addition, the less frequent usage of healthcare services by the Americans had further added on to the requirements of sufficiently larger scale and size for effective survival and efficient growth in the industry.
The share prices of Vanguard Health Systems Inc (NYSE:VHS) had surged by 67.34 percent to close at $20.70 per share In monday’s trading session. The shares of the company had been trading in the range of $20.60 to $20.97 per share during the day, which had pushed the company to record new highs. The stock broke earlier 52-week high on Monday to $20.97 per share and low price level of $7.71 per share.
Vanguard Health Systems Inc (NYSE:VHS) had witnessed huge trading volume at 25.68 million shares on Monday, Shares of Vanguard Health Systems Inc (NYSE:VHS) traded with volume of 271,528 shares per day which was 100 times more than its average volume.
