Vanguard Health Inks Deal for Third Valley Hospital

PHOENIX-Vanguard Health Systems, based in Nashville, has put its signature to yet another agreement to buy a Valley facility. This time, it’s lining up the acquisition of the 159-bed Paradise Valley Hospital, owned by Dallas-based Triad Hospitals Inc.

The transaction will be completed upon obtaining customary regulatory approvals from the federal government. “The addition of Paradise Valley Hospital to Vanguard’s healthcare delivery system allows us to handle the increased demand for our services in the northeast part of the valley, an area not currently served by Vanguard facilities,” says Mark Brenzel, Vanguard’s senior vice president of operations. “It also is a nationally recognized hospital with an extremely well-run operation.”

Paradise Valley Hospital, which opened in 1983, is located at the southwest corner of Bell Road and 40th Street, just north of the suburb of Paradise Valley. The hospital was recently honored in “100 Top Hospitals: Benchmarks for Success,” an annual statistical study that objectively measures hospital performance.