Vanguard Health Systems Inc. - Introduction

Introduction

20 Burton Hills Boulevard
Suite 100
Nashville, Tennessee 37215
U.S.A.
Telephone: (615) 665-6000
Fax: (615) 665-6099
Web site: http://www.vanguardhealth.com

Private Company
Incorporated: 1997
Employees: 14,300
Sales: $1.78 billion (2004)
NAIC: 524114 Direct Health and Medical Insurance Carriers; 621491 HMO Medical Centers; 621493 Freestanding Ambulatory Surgical and Emergency Centers; 621498 All Other Outpatient Care Centers; 621999 All Other Miscellaneous Ambulatory Health Care Services; 622110 General Medical and Surgical Hospitals; 622310 Specialty (except Psychiatric and Substance Abuse) Hospitals; 923130 Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs)

Vanguard Health Systems Inc. acquires nonprofit hospital systems and converts them to investor-owned status. The company is active in several markets, including Phoenix, Arizona; Orange County, California; Greater Chicago, Illinois; San Antonio, Texas; and Massachusetts. Vanguard typically buys bankrupt or near-bankrupt facilities, then invests in capital improvements to help upgrade service. A series of regional boards provides more local input than at other corporate hospital chains.