Universal Health Services, one of the largest for-profit hospital companies in the U.S., is jumping back into the international scene.
UHS has bought Cygnet Health Care for $335 million, the King of Prussia, Pa.-based company said Friday. Cygnet, headquartered outside London, has 15 inpatient behavioral health hospitals and two nursing homes throughout the U.K.
For UHS, it's a return to Europe. UHS had facilities in the U.K. and France earlier in its history but eventually sold them. CEO Alan Miller told Modern Healthcare that acquiring Cygnet made sense for the company because of Cygnet's “committed” management structure and the opportunities that exist to expand in the U.K.