Blackstone’s Vanguard Health to Raise $661 Million in IPO
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Vanguard Health Systems Inc., the hospital operator controlled by Blackstone Group, plans to raise as much as $661 million in an initial public offering to help its owners recoup their investment.
Vanguard will sell 25 million shares at $21 to $23 apiece, according to a regulatory filing today with the U.S. Securities and Exchange Commission. The sale’s managers, Bank of America Corp. and Barclays Plc, have the option to sell an additional