, May 17, 2010

Universal Health Services has signed a deal to buy Psychiatric Solutions, one of the nation's biggest operators of mental health clinics. Universal Health is said to be paying about $2 billion in cash, or about $33.75 a share. Universal Health is beating out Bain Capital for Psychiatric Solutions, a 22-year-old company that operates 94 facilities throughout the United States and Puerto Rico. Bain had been working with Psychiatric Solutions' chief executive in its bid.

Facebook icon
LinkedIn icon
Twitter icon