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.
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.