Universal Health Services acquired Foundations Recovery Network, LLC for ~$350 million, a transaction completed in December 2015.
Foundations Recovery Network, LLC operates in Behavioral Health, is based in United States. UHS acquired Foundations Recovery Network, LLC in the fourth quarter of 2015, adding a specialist addiction-treatment operator with four inpatient facilities (322 beds) and eight outpatient centers. Founded in 1995, Foundations treated adults with co-occurring addiction and mental-health disorders using an integrated, evidence-based model. The deal broadened UHS's behavioral offering into substance-use and dual-diagnosis care.
Adds a leading addiction-treatment platform, expanding UHS's behavioral services into substance-use and dual-diagnosis care.
Established addiction-treatment brand with integrated inpatient and outpatient network. UHS Behavioral Health division
Advisory firms were not disclosed for this transaction.