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Hospital & Medical Practitioners M&A image Hospital & Medical Practitioners M&A » By The Online Investor Staff, updated Sat., Apr. 20, 1:27 AM Recent mergers and acquisitions in the Hospital & Medical Practitioners M&A category.

Slide #44. Universal Health Services, Inc. Ascend Health Corporation

Acquirer: Universal Health Services, Inc. (NYSE:UHS)
Acquiree: Ascend Health Corporation
Details: Universal Health Services, Inc. announced that it has completed the previously announced acquisition of Ascend Health Corporation. UHS's strategic acquisition of Ascend enhances its behavioral health platform by adding 9 freestanding inpatient psychiatric facilities to its industry leading behavioral health portfolio. The new facilities are located in 5 states; Texas, Arizona, Utah, Oregon and Washington State and include 867 licensed beds (802 currently available and 65 under construction). On an annualized basis, the acquisition of Ascend is expected to initially generate revenues of approximately $200 million and earnings before interest, taxes, depreciation & amortization ("EBITDA") of approximately $60 million and is expected to provide significant organic growth and expansion opportunities.

Universal Health Services is a holding company. Co.'s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities and behavioral health care facilities. Services provided by Co.'s hospitals include general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services and/or behavioral health services. Co. provides capital resources as well as a variety of management services to its facilities, including central purchasing, information services, finance and control systems, facilities planning and physician recruitment services.

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Company Name:  Universal Health Services, Inc.
Stock buyback:  UHS buyback
Website:  www.uhsinc.com
Sector:  Hospital & Medical Practitioners
Number of ETFs Holding UHS:  89
Total Market Value Held by ETFs:  $1.59B
Total Market Capitalization:  $9.76B
% of Market Cap. Held by ETFs:  16.26%
 

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April 20, 2024    1:27 AM Eastern
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Buy (2.75 out of 4)
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