• Tenet Healthcare to Buy OrNda In Deal Valued at $1.82 Billion

    Tenet Healthcare Corp., the nation's second-largest hospital company, unveiled an agreement Thursday to acquire OrNda Healthcorp for $1.82 billion in stock, creating a hospital chain with $8.5 billion in revenue and 126 hospitals in 22 states.

    Tenet would also assume about $1.3 billion of OrNda debt. Coming less than two years after Tenet paid $2 billion to acquire American Medical Holdings Inc., the deal underscores the pressures on health-care companies to grow big enough to compete in a consolidating market.


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