"You still have to be in a group that continues to grow whether the economy's growing or not growing," Stephen Weiss of Short Hills Capital says.» Read More
*Tenet Health to buy Vanguard Health; Keynote to be bought. NEW YORK, June 24- U.S. stocks dropped more than 1 percent on Monday, extending a slide as investors worried about the impact on equities from the Federal Reserve's plan to exit its economic stimulus and a cash squeeze in China that could hurt its economy.
NEW YORK, June 24- Tenet Healthcare joined the high-yield pipeline of M&A deals on Monday, announcing plans to acquire smaller rival Vanguard Health Systems for USD4.3bn, including the assumption of USD2.5bn of debt.
After striking a $1.8 billion deal to purchase Vanguard Health Systems, Tenet's CEO Trevor Fetter said the company will be "more aggressive with acquisitions."
*Tenet Health to buy Vanguard Health for $4.3 bln. NEW YORK, June 24- U.S. stocks extended losses on Monday, falling more than 1 percent after the S&P 500 index's biggest weekly decline in two months, as investors repriced shares in the wake of the Federal Reserve's plans to withdraw its stimulus.
*Offer of $21 per Vanguard share represents 70 pct premium. *Tenet estimates $100 mln- $200 mln annual savings. June 24- Hospital operator Tenet Healthcare Corp will buy smaller rival Vanguard Health Systems Inc for about $1.73 billion plus the assumption of debt to expand into new geographies, further evidence of consolidation being driven by U.S.
*Tenet Health to buy Vanguard Health for $4.3 bln. *Keynote Systems to be acquired for $20 per share.
Check out which companies are making headlines before the bell on Monday:
*Tenet Health to buy Vanguard Health for $4.3 bln. *Barrick Gold to lay off workers.
U.S. stock index futures were sharply lower Monday, after a sharp global selloff in the previous week, amid worries the Federal Reserve's stimulus measures may be winding down and a possible cash crunch in China.
Tenet Healthcare is buying Vanguard Health Systems for about $1.8 billion, helping to expand its service offerings and broaden its geographic reach.
Snow Capital identified the potential in hospital shares early on and has holdings in Community Health Systems Inc and Health Management Associates Inc.. Since the start of the year, shares of the largest publicly traded hospital chain, HCA Holdings Inc, are up 34 percent, while No. 2 Community Health has climbed 71 percent.
Some of the names on the move ahead of the open.
Stocks finished near session highs Monday, with the S&P 500 setting a record close and the Nasdaq ending at its best level since November 2000, following a better-than-expected pending home sales report and after Italy's new prime minister named his cabinet over the weekend.
Take a look at some of Monday's midday movers:
Shoot me now: Austerity is bad for your health. Really. Is it any wonder that growth stimulus is back on the table in Europe?
The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.
CNBC's "Street Signs" crew takes a look at Tenet Healthcare's performance.
Stocks soared broadly across the board to finish near session highs Wednesday, propelling the Dow and S&P 500 to new record levels, boosted by strong gains in techs.
Check out which companies are making headlines after the bell Wednesday:
Which leaders might continue to drive the market in Q2. Cramer crunched the numbers.