Healthcare Business News

UHS completes Ascend Health acquisition

By Beth Kutscher
Posted: October 11, 2012 - 10:30 am ET

Universal Health Services, King of Prussia, Pa., has completed its $517 million acquisition of behavioral health firm Ascend Health Corp., New York.

The deal closing comes less than a week after UHS agreed to divestitures in order to receive antitrust clearance from the FTC. Under the conditions that regulators imposed, UHS has six months to find an FTC-approved buyer for Peak Behavioral Health Services, Santa Teresa, N.M.

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Ascend already operates University Behavioral Health in nearby El Paso, Texas.

In a news release, UHS said Peak had $9 million in revenue for the six-month period ended June 30.

If UHS fails to find a buyer in the given time frame, the FTC could require it to divest a second facility, Mesilla Valley Hospital, Las Cruces, N.M., along with Peak.

Ascend operates nine inpatient psychiatric facilities in five states, and the acquisition is expected to generate about $200 million in revenue for UHS.

Separately, UHS also said it completed its sale of 120-bed Auburn (Wash.) Regional Medical Center to MultiCare Health System, Tacoma, Wash. The $98 million deal closed Oct. 1.

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