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Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Taking the Cake: Sundance had pursued Cheesecake Factory for many years

The Cheesecake Factory had been on the white board over at Sundance Square management for some time

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Fort Worth businessman to lead Abbott, Patrick inauguration efforts

Fort Worth businessman Ardon Moore will chair the committee running inauguration festivities for Gov.-elect Greg Abbott and Lt. Gov.-elect Dan Patrick in January, it was announced on Friday.   Moore, president of Lee M. Bass Inc. in Fort Worth, is a vice chairman of the University of Texas Investment

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Tenet to acquire Vanguard Health Systems in $4.3B deal
 
A. Lee Graham
Reporter
 
Tenet Healthcare Corp. of Dallas plans to acquire Vanguard Health Systems Inc. for $21 per share in a transaction valued at $4.3 billion, including the assumption of $2.5 billion in Vanguard debt.
Both boards of directors have unanimously approved the transaction, with Tenet securing fully committed financing from Bank of America Merrill Lynch.
“This unique strategic transaction will bring together organizations that share a common commitment to providing high quality care and create significant new growth prospects for Tenet,” said Tenet president and CEO Trevor Fetter, commenting in a news release.
“This acquisition will take Tenet into new geographic markets, expand the breadth of our service offerings, diversify our earnings sources and increase the benefits we expect to realize under healthcare reform,” Fetter said.
The acquisition, expected to close before the end of 2013, is subject to customary closing conditions and regulatory approvals. Upon closing, Charlie Martin, Vanguard founder, chairman and CEO, will join Tenet’s board of directors. Keith Pitts, Vanguard’s vice chairman, will join the Tenet senior management team as vice chairman.
Serving as Tenet’s legal counsel in the transaction was Gibson Dunn & Crutcher, with Lazard acting as lead financial and strategic adviser. Bank of America Merrill Lynch, Barclays and Teneo Capital also served as advisers for Tenet. Skadden, Arps, Slate, Meagher & Flom served as Vanguard’s legal counsel and JP Morgan acted as exclusive financial and strategic adviser.
The deal expands Tenet’s total ownership to 79 hospitals and 157 outpatient facilities and diversifies its geographic footprint to 16 states, including two new Texas markets. Specific locations were not immediately disclosed.
Tenet Healthcare Corp., through its subsidiaries, operates 49 hospitals, 126 free-standing outpatient centers and Conifer Health Solutions, which provides business process solutions for health care providers serving more than 600 hospitals and other clients nationwide. More information is available at www.tenethealth.com.
Vanguard Health Systems, based in Nashville, Tenn., owns and operates 28 acute care and specialty hospitals and complementary facilities and services in San Antonio; Harlingen, Texas; Brownsville, Texas; Chicago; Phoenix; Detroit; and Boston. More information is available at www.vanguardhealth.com.
 
lgraham@bizpress.net
 

 

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