FTC Orders Universal Health Divestitures For Planned Merger
15 November 2010 - 11:26PM
Dow Jones News
DOW JONES NEWSWIRES
The Federal Trade Commission ordered Universal Health Systems
Inc. (UHS) to sell 15 psychiatric facilities to win approval for
its $2 billion acquisition of rival Psychiatric Solutions Inc.
(PSYS).
The agency said the deal would have combined the two largest
providers of acute inpatient psychiatric services in Delaware,
Puerto Rico and metropolitan Las Vegas.
Acute inpatient psychiatric services are intensive hospital
services provided to patients who pose a danger to themselves or
others or are unable to perform basic functions because of an acute
psychiatric episode. Psychiatric Solutions' business is managing
psychiatric units for other hospitals and government agencies. It
specializes in treating children with behavioral or mental
illnesses.
The FTC voted 5-0 that Universal Health must sell two inpatient
hospitals in Las Vegas, one in Delaware, and one inpatient hospital
and eleven affiliated outpatient clinics in Puerto Rico to buyers
it approves.
-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357;
Kathy.Shwiff@dowjones.com
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