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Sunday, March 22, 2015

Tenet near deal to purchase United Surgical for more than $2.5 bln-WSJ, (NYQ: THC)

Hospital operator Tenet Healthcare Corp is poised to purchase United Surgical Partners International Inc in a deal that could be worth more than $2.5 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter. United Surgical Partners is controlled by private-equity firm Welsh, Carson, Anderson & Stowe, the Wall Street Journal reported, and it operates more than 200 short-stay surgical facilities.Tenet, based in Dallas, operates 80 hospitals and more than 200 outpatient centers, making it one of the largest hospital chains in the United States.Tenet was not immediately available for comment.

Tenet Healthcare Corporation along with its subsidiaries is an investor-owned health care services company. Shares of THC fell by 1.49% or $-0.75/share to $49.62. In the past year, the shares have traded as low as $37.95 and as high as $63.61. On average, 1797940 shares of THC exchange hands on a given day and today's volume is recorded at 1851241.