Universal Health Services acquired Cygnet Health Care Limited, a transaction completed in August 2014, structured as all cash (stock purchase).
Cygnet Health Care Limited operates in Behavioral Health (UK), is based in United Kingdom (17 facilities). UHS acquired the stock of Cygnet Health Care Limited during the third quarter of 2014, marking its entry into the United Kingdom behavioral health market. Cygnet comprised 17 facilities - 15 inpatient behavioral health hospitals and 2 nursing homes - with a total of roughly 723 beds. Cygnet has since served as UHS's platform for further UK expansion.
Establishes a UK behavioral health platform and geographic diversification beyond the U.S.
Ready-made UK behavioral platform with inpatient hospitals and a national footprint. Cygnet Health Care (UK)
Advisory firms were not disclosed for this transaction.