PRINT THIS PAGE US Blackstone to buy Vanguard Health for at least $1.5bn22/07/2004. Source: AltAssets. 
 US Blackstone Group is in advanced talks to acquire hospital operator Vanguard Health Systems for at least $1.5bn. The company is currently controlled by Morgan Stanley Capital Partners.
Vanguard is based in Tennessee and operates 16 hospitals and related facilities in a number of states including Arizona, California and Texas.
A number of other private equity firms also expressed an interest in buying the company, including Kohlberg Kravis Roberts and Thomas H. Lee Partners, according to a report by Reuters. Morgan Stanley is believed to be seeking as much as $1.8bn.
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