Type | Public |
---|---|
Industry | Hospitals |
Founded | 1997 |
Fate | Acquired by Tenet Healthcare |
Headquarters | , |
Number of locations | 26 |
Key people | Charles N. Martin (CEO) Kent H. Wallace (COO) |
Revenue | $4.90 billion [1] |
-$7.3 million [1] | |
Number of employees | Over 36,800 |
Website | vanguardhealth.com |
Vanguard Health Systems was an operator of hospitals and other medical facilities in five U.S. states: Arizona, Illinois, Massachusetts, Michigan, and Texas. [2] The company's headquarters were located in Nashville, Tennessee. Vanguard owned twenty-six hospitals, including the ten Detroit Medical Center hospitals in Detroit, Michigan, five in San Antonio, Texas, four in the Chicago area, four in the Phoenix, Arizona area, and controlled an additional three hospitals through joint ventures, for a total of 6,201 licensed beds (as of 2012 [update] ). [3]
On February 26, 2001, Charles N. Martin, Jr., Chairman, President and CEO of Vanguard Health Systems in Nashville and other investors invested $3.2 million to the combined companies of Health Connections Inc. and Coactive Systems Corporation. [4]
Charles N. Martin, former CEO of Ornda Healthcorp, started Vanguard with funding from Morgan Stanley. [5] The Blackstone Group acquired a majority stake in Vanguard in 2004. [6] The company went public in 2011, with Blackstone continuing to have a controlling stake. [7] Vanguard was acquired by Tenet Healthcare in 2013. [8]
HCA Healthcare is an American for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owns and operates 186 hospitals and approximately 2,000 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 21 states and the United Kingdom. As of 2021, HCA Healthcare is ranked #62 on the Fortune 500 rankings of the largest United States corporations by total revenue.
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