Wellstar To Acquire Five Tenet Hospitals For $661 Million

WellStar Health System announced it will acquire five Tenet Healthcare Corporation hospitals in a deal valued at $661 million. The deal, which is expected to close by the end of March, would expand Marietta, Ga.-based WellStar's geographic reach into Atlanta and add two trauma centers and 26 physician clinics to the system's operations. WellStar will borrow to finance the cost of acquisition, which includes a sale price of $575 million and the assumption of $86 million in debt. For Tenet, the proposed sale is the latest in a string of deals as the company evaluates where the . . .