Vanguard tried again for Allegheny

Article Abstract:

Vanguard Health Systems is intent on acquiring as many of Allegheny's hospitals as possible, but so far it has lost the battle to competitor Tenet Healthcare Corp. Vanguard raised the bid it had made on six of the eight hospitals up for grabs but their offer was refused by Allegheny. Allegheny argues that Tenet's bid is worth more because it covers all eight hospitals, while a successful bid by Vanguard would mean a closure of two of the group of hospitals.

Strategy & planning, Hospitals, Abstract, Tenet Healthcare Corp., THC, Vanguard Health Systems

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Marlton company accepts a suitor

Article Abstract:

Marlton, Penn.-based MedQuist Inc., with 1999 sales of $330 million, has announced that Royal Philips Electronics NV, which is Europe's largest maker of consumer electronics, will buy a 60% stake in the company for $1.2 billion. Philips, which reported over $30 billion in annual revenue, is a leading maker of X-ray magnetic resonance imaging, and other ultrasound services.

Netherlands, Outpatient Care Facilities, Outpatient Care Centers, Household audio and video equipment, Consumer Electronics, Audio and Video Equipment Manufacturing, HEALTH SERVICES, Ambulatory care facilities, Koninklijke Philips Electronics N.V., PHD, MedQuist Inc., MEDQ

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Universal Health buying 12 hospitals

Article Abstract:

Universal Health Services Inc. will acquire 12 psychiatric hospitals from the bankrupt Charter Behavioral Health Services, GA, worth $105 million.

Georgia, Psychiatric hospitals, Psychiatric and Substance Abuse Hospitals, Universal Health Services Inc., UHS, Charter Behavioral Health System

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