real-time news and commentary for investors
Wednesday, Oct 10
2012, 5:17 PM
Universal Health Services (UHS) completes its acquisition of Ascend Health, adding 9...
Universal Health Services (UHS) completes its acquisition of Ascend Health, adding 9 freestanding inpatient psychiatric facilities to its behavioral health portfolio. The new facilities are located in 5 states; Texas, Arizona, Utah, Oregon and Washington State and include 867 licensed beds. The company is expecting to generate revenues of approximately $200M and EBITDA of approximately $60M from the purchase, in addition to the organic growth and expansion prospects.