UHS Buying Ascend Health
June 6, 2012- Share:
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).
Clinics/Outpatient Services
New York, NY
Owner and operator of mental health and chemical dependency hospitals and residential treatment centers
Advisors
Cahill Gordon & Reindel
(legal)
Cravath Swaine & Moore
(legal)
Goldman Sachs
(financial)
JP Morgan
(financial)
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