While news emerges regarding Tenet's plan to acqure Vanguard Health for $1.73 billion, the Ford Motor Co. announces its plans to launch a two-year health management program.
The Wall Street Journal: Tenet To Acquire Vanguard Health For $1.73 Billion
Dallas-based Tenet said it would expand to 79 hospitals from 49, and significantly increase its geographic reach, adding markets such as Detroit and Chicago and particularly deepening its presence in Texas. Tenet also said the acquisition marks what it hopes will be a stepped-up effort to acquire other hospitals, where its deal pace has been relatively slow (Mathews and Kamp, 6/24).
The Wall Street Journal: Ford Adopts Health Management Program
Ford Motor Co. and a United Auto Workers union trust fund that provides health care to retired union auto workers are launching a two-year pilot program that seeks to cut costs by adding more care to workers and retirees with chronic illnesses (Ramsey, 6/24).