Franklin, Tenn.-based Community Health Systems has offered an unsolicited $3.3 billion bid for Dallas-based Tenet Healthcare, according to a Wall Street Journal report.
CHS is offering $6 per share for its rival. Tenet's stock closed Thursday at $4.29 per share, according to the report.
CHS would also assume Tenet's roughly $4 billion in debt.
If the offer is accepted, the new entity would be the largest hospital operator in the country.
Read the Wall Street Journal report on CHS.
Read more coverage on CHS:
- CHS Enters Into Credit Extension
- CHS Announces 3Q Results, Net Revenue Up 5%
CHS is offering $6 per share for its rival. Tenet's stock closed Thursday at $4.29 per share, according to the report.
CHS would also assume Tenet's roughly $4 billion in debt.
If the offer is accepted, the new entity would be the largest hospital operator in the country.
Read the Wall Street Journal report on CHS.
Read more coverage on CHS:
- CHS Enters Into Credit Extension
- CHS Announces 3Q Results, Net Revenue Up 5%