August 28, 2014 8:31 PM ET

Healthcare Providers and Services

Company Overview of Vanguard Health Systems Inc.

Company Overview

Vanguard Health Systems, Inc. owns and operates general acute care and specialty hospitals, and outpatient facilities in urban and suburban markets in the United States. The company’s general acute care and specialty hospitals offer various medical and surgical services, including emergency services, general surgery, internal medicine, cardiology, obstetrics, orthopedics, and neurology, as well as tertiary services, such as open-heart surgery, advanced neurosurgery, children’s specialty, level II and III neonatal intensive care, and level 1 trauma. It also provides on-campus and off-campus outpatient and ancillary services comprising outpatient surgery, physical therapy, rehabilitation, radi...

20 Burton Hills Boulevard

Suite 100

Nashville, TN 37215

United States

Founded in 1997

Phone:

615-665-6000

Fax:

615-665-6059

Key Executives for Vanguard Health Systems Inc.

Vanguard Health Systems Inc. does not have any Key Executives recorded.

Vanguard Health Systems Inc. Key Developments

Vanguard Health Systems Inc.(NYSE:VHS) dropped from Russell 2000 Index

Vanguard Health Systems Inc. will be removed from Russell 2000 Index.

Vanguard Health Systems Inc.(NYSE:VHS) dropped from Russell 3000 Index

Vanguard Health Systems Inc. will be removed from Russell 3000 Index.

Vanguard Health Systems Inc., Tenet Healthcare Corp. and Orange Merger Sub, Inc. Enter into Memorandum of Understanding to Settle Lawsuit

Vanguard Health Systems Inc. entered into the Memorandum of Understanding with the plaintiffs regarding the settlement of the lawsuits on August 26, 2013 in the stockholder litigation relating to the Agreement and Plan of Merger (the ‘Merger Agreement’), dated as of June 24, 2013, by and among the company, Tenet Healthcare Corporation (Parent) and Orange Merger Sub, Inc. (Merger Sub). As previously disclosed, two putative class action lawsuits relating to the Merger Agreement filed by purported stockholders were brought against the company and the company’s directors, each of which also named Merger Sub and Parent as defendants. Both lawsuits were filed in Tennessee state court and alleged that the directors of the company breached their fiduciary duties by approving the Merger through an unfair process and at an unfair price, and alleged that the company, Merger Sub and Parent aided and abetted the breach of their fiduciary duties. On July 26, 2013, the complaints were consolidated and an amended complaint was filed. This amended complaint replaced the two putative class actions and seeks to enjoin the Merger and to create a constructive trust for the purportedly improper benefits received by the directors of the company.

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