PRINT THIS PAGE US Blackstone buys Vanguard Health Systems for $1.75bn24/09/2004. Source: AltAssets. 
 US Blackstone Group has acquired a majority equity stake in Vanguard Healthcare from Morgan Stanley Capital Partners for around $1.75bn. The firm beat rival offers from Kohlberg Kravis Roberts and Thomas H.Lee Partners.
Vanguard is based in Tennessee and operates 16 hospitals and related facilities in a number of states including Arizona, California and Texas.
'We are very pleased to partner with the Vanguard management team who have proven their ability to provide high quality patient care to communities across the United States,' said Stephen Schwarzman, president and chief executive officer of Blackstone Group. 'We look forward to helping them achieve their strategic growth plans.'
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