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
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