UHS Buying Ascend Health
June 6, 2012
Ascend Health, a private psychiatric hospital provider, has agreed to be acquired by Universal Health Services (NYSE: UHS) for $500 million in cash. The total transaction consideration including the assumption of net debt is about $517 million. A $20.1 million Series B financing led by Polaris Venture Partners was Ascend's last round (secured in March 2007).
New York, NY
Owner and operator of mental health and chemical dependency hospitals and residential treatment centers