Vanguard Health Systems will acquire the assets of Arizona Heart Hospital in Phoenix, Ariz., from MedCath Corp. for $32 million, according to a MedCath news release.
As part of the deal, Vanguard will also provide an undisclosed amount of working capital and will acquire approximately $400,000 in capital leases, according to the report. Arizona Heart Hospital will retain accounts receivable and the remaining liabilities.
The transaction is expected to close during MedCath's first quarter of fiscal 2011, which ends on December 31, 2010.
Read the MedCath release on Arizona Heart Hospital.
Read more coverage on Arizona Heart Hospital.
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