Universal Health buys Psychiatric Solutions for $3B

Universal Health Services completed its $3.1 billion purchase of Psychiatric Solutions Inc. Monday.

The deal consists of about $2 billion in cash and the assumption of $1.1 billion in debt.

The acquisition nearly doubles the number of psychiatric-care facilities operated by UHS (NYSE: UHS) of King of Prussia, Pa.

Psychiatric Solutions had 94 psychiatric-care facilities in 32 states; UHS operated 102 psychiatric-care centers, also in 32 states. UHS also runs 25 acute-care hospitals across the county.