Vanguard Health Systems has filed plans to sell up to $600 million in common stock in an initial public offering, according to a Wall Street Journal report.
The hospital operator, which has been backed by the private-equity investment firm Blackstone Group since 2004, is aiming to redeem senior discount notes and fund general corporate purposes, including acquisitions, according to the report.
The Nashville, Tenn.-based company's filing with the Securities and Exchange Commission says it intends to continue to expand its business by pursuing in-market expansion initiatives in its current markets, capitalizing on recent acquisitions and pursuing selective deals that fit into the company's operating strategies, according to the report.
Read the WSJ report on Vanguard's IPO.
Read more about Vanguard:
- Vanguard Names William Foley President of Chicago Market
- Vanguard Health Systems Cuts Corporate Workforce by 10%
- Detroit Medical Center to Assess Distribution of $150M of Charitable Assets After Sale to Vanguard
The hospital operator, which has been backed by the private-equity investment firm Blackstone Group since 2004, is aiming to redeem senior discount notes and fund general corporate purposes, including acquisitions, according to the report.
The Nashville, Tenn.-based company's filing with the Securities and Exchange Commission says it intends to continue to expand its business by pursuing in-market expansion initiatives in its current markets, capitalizing on recent acquisitions and pursuing selective deals that fit into the company's operating strategies, according to the report.
Read the WSJ report on Vanguard's IPO.
Read more about Vanguard:
- Vanguard Names William Foley President of Chicago Market
- Vanguard Health Systems Cuts Corporate Workforce by 10%
- Detroit Medical Center to Assess Distribution of $150M of Charitable Assets After Sale to Vanguard