Vanguard Health to launch $1.025 billion credit facility on Friday

By Sara Rosenberg

New York, Jan. 14 - Vanguard Health Systems Inc. is scheduled to hold a conference call on Friday to launch its proposed $1.025 billion credit facility to existing lenders, according to a market source.

Bank of America and Barclays are the lead banks on the deal.

Proceeds will be used to refinance existing debt.

Vanguard is a Nashville, Tenn.-based owner and operator of acute care hospitals and complementary facilities and services.

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