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S&P: Vanguard Health unaffected
Standard & Poor's said the ratings and outlook on Vanguard Health Systems Inc. (B/stable/--) would not change as a result of the company's definitive agreement to acquire three hospitals from Tenet Healthcare Inc. (B/negative/--).
Vanguard's recently completed bank facility included a $150 million delayed-draw acquisition loan.
S&P said it expected Vanguard to use the acquisition loan in the near term and already incorporated that expectation into the rating.
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