Sep. 26, 2014, 10:42 AM
- Universal Health Services (UHS +0.1%) acquires Cygnet Health Care Ltd. for $335M. Cygnet is one the largest independent providers of behavioral health facilities in the UK. generating $161M in revenues over the past 12 months. It operates 15 inpatient hospitals and two nursing homes totaling 743 beds.
Jun. 4, 2012, 9:15 AMUniversal Health Services (UHS) agrees to acquire Ascend Health for $517M, including $17M in debt. Ascend operates nine psychiatric hospitals in five states - Texas, Arizona, Utah, Oregon and Washington. UHS "expects the acquisition to be immediately accretive to earnings and provide organic growth and expansion opportunities." | Comment!
UHS vs. ETF Alternatives
Universal Health Services Inc, through its subsidiaries is engaged in the business of owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers.
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