Universal Health Services acquired Ascend Health Corporation for ~$517 million, a transaction completed in October 2012, structured as all cash.
Ascend Health Corporation operates in Behavioral Health, is based in United States (nine freestanding psychiatric facilities in Texas, Arizona, Utah, Oregon and Washington). UHS acquired Ascend Health Corporation, described as the largest private psychiatric hospital provider, with nine owned or leased freestanding inpatient psychiatric facilities across five states. The all-cash deal deepened UHS's behavioral health footprint in the western U.S. and was expected to be immediately accretive to earnings. The transaction closed in October 2012.
A strategic bolt-on to enhance UHS's industry-leading behavioral health presence, adding high-quality assets with organic growth and expansion potential.
Largest private psychiatric operator with high-quality freestanding facilities complementary to UHS's existing behavioral portfolio. UHS Behavioral Health division
We are thrilled to add Ascend's high quality assets to our strong portfolio of behavioral health facilities. We expect this acquisition to be immediately accretive to earnings and provide organic growth and expansion opportunities.Alan B. Miller, Chief Executive Officer and Chairman of the Board, Universal Health Services, Inc.
Advisory firms were not disclosed for this transaction.