Cahill Represents Ascend Health in Acquisition by Universal Health Services
Date: 06/04/12
Cahill is advising Ascend Health Corporation in its acquisition by Universal Health Services, Inc. (UHS) whereby UHS will acquire Ascend for $500 million in cash. Including the assumption of $17 million in Ascend net debt, the total transaction consideration is approximately $517 million.
Ascend is the largest private psychiatric hospital provider with 9 owned or leased freestanding psychiatric inpatient facilities located in 5 states including Texas, Arizona, Utah, Oregon and Washington.