Deals
Vanguard Health Rises in First Day of Trading in New York
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Vanguard Health Systems Inc., the hospital operator controlled by Blackstone Group LP, gained 5 cents on its first day of stock trading after the company raised $450 million in an initial public offering.
Vanguard Health climbed to $18.05 at 4:01 p.m. in New York Stock Exchange composite trading. The Nashville, Tennessee-based company sold 25 million shares at $18 each yesterday, according to a filing with the Securities and Exchange Commission, after offering them for $21 to $23. Vanguard Health is trading under the symbol VHS.