Community Health/Tenet Healthcare
Community Health Systems, Inc. (NYSE: CYH) today announced that it has made an offer to acquire Tenet Healthcare Corporation (NYSE: THC) for $6.00 per share, including $5.00 per share in cash and $1.00 per share in CHS common stock.
Total value on the transaction is $7.3 billion, with $3.3 billion in equity and $4 billion in net debt.
The acquisition of Tenet is expected to be accretive to CHS’s earnings per share in the first full year after closing, excluding one-time costs.
CHS’s financial advisor is Credit Suisse and its legal advisor is Kirkland & Ellis LLP.
Total value on the transaction is $7.3 billion, with $3.3 billion in equity and $4 billion in net debt.
The acquisition of Tenet is expected to be accretive to CHS’s earnings per share in the first full year after closing, excluding one-time costs.
CHS’s financial advisor is Credit Suisse and its legal advisor is Kirkland & Ellis LLP.
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Notable Mergers and Acquisitions of the Day 04/18: (CYH)/(THC) (AMED) (JNJ)
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Pre-Open Movers 4/18: (AMRN) (INVE) (AONE) Higher; (CYH) (GPS) (GNK) Lower
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Barclays on Health Care Facilities: Watching the Observation Visits
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Unusual 11 Mid-Day Movers 04/12: (INVE) (SSY) (IBCA) Higher; (WMS) (CCRT) (EXTR) Lower
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Morning Movers 04/12: (INVE) (SSY) (IBCA) Higher; (CCRT) (HRZ) (WMS) (PSTR) (GFRE) (JOEZ) Lower
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Community Health (CYH) options active as shares sell off 35% on Tenet allegations
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Health Management (HMA) Comments on Community Heath (CYH), Tenet (THC) Suit; Uses InterQual Criteria (MCK)
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Notable 52-Week Highs and Lows of the Day 04/11: (MCP) (AVL) (BIIB) High; (CYH) (AMR) (GFRE) Low
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Community Health (CYH) Calls Tenet's (THC) Allegations "Unfounded and Irresponsible"
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Tenet (THC) Files Suit Against Community Health (CYH); Alleges Possible Over-Billing
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Unusual 11 Mid-Day Movers 04/11: (TSTY) (GLBC) (AMMD) Higher; (ADES) (CYH) (QUIK) Lower
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Morning Movers 04/11: (TSTY) (GLBC) (AMMD) (LVLT) Higher; (ADES) (CYH) (QUIK) Lower
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Tenet (THC) Files Suit Against Community Health (CYH); Both Stocks Getting Hammered
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UBS Raises Hospital Sector to Buy; Upgrades Tenet (THC), Community Health (CYH), Lifepoint (LPNT), Health Mgmt (HMA)
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Tenet (THC) Issues Statement on Community Health (CYH) Board Nominees
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Community Health (CYH) Responds to Tenet's (THC) Establishment of 'Poison Pill'
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Wells Fargo Downgrades Tenet Healthcare (THC) to Market Perform; CYH Acquisition Likely Outcome
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Deutsche Bank Downgrades Tenet Healthcare (THC) to Hold; Hostile Response to CYH Strikes Us As Problematic
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Notable 52-Week Highs and Lows of the Day 12/10: THC, ATML, CVC, LULU High; GAP, MIPI Low
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Morning Movers 12/10: THC, EPCT, BEC, JTX, CYPB, GAGA, EDAP, CYH, CRDC Higher; GAP, ASTM, BGP, GMCR, IRE Lower
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Notable Mergers and Acquisitions of the Day 12/10: OXY/PAA, BEC, THC/CYH
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After-Hours Movers 12/09: THC, NFLX, FFIV, ESL, CVC Higher; ASTM, GMCR, BIOD, BGP, CYS, SEAC, NSM, CYH Lower
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Community Health (CYH) Makes $6/Share Bid for Tenet (THC)
