Vanguard Acquires Bankrupt Arizona Cardiology Practice

Vanguard Health Systems has completed its $6.1 million acquisition of bankrupt Phoenix-based Arizona Heart Institute, according to an Arizona Republic report.

The physician-owned cardiology practice recently filed for bankruptcy citing a troubled economy and declining reimbursements. 

Vanguard will combine the group's assets with its Abrazo Health Care, also based in Phoenix.

The deal is expected to be complete by mid-September.

Read the Arizona Republic report on Arizona Heart Institute.

Read more coverage on the Arizona Heart Institute:

- Physician-Owned Arizona Cardiology Group to Merge With Vanguard

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