KING OF PRUSSIA,
Pa., Dec. 5,
2016 /PRNewswire/ -- Universal Health
Services, Inc. (NYSE:UHS) announced today that it has signed a
definitive agreement to purchase the adult services division of
Cambian Group, PLC for a total purchase price of £377 million (or
approximately $479 million) and
expects to complete the transaction by December 31, 2016. For 2016, the Cambian Adult
Services Division is expected to produce revenue of approximately
£142 million (or $180 million) and
adjusted EBITDA of approximately £35 million (of $44.5 million). The acquisition of the Cambian
Adult Services Group will add 81 behavioral facilities with 1,193
beds to the Cygnet family in the U.K. This diverse group of
facilities provides care to adults with mental health disorders,
intellectual disabilities, autism, personality disorder and
acquired brain conditions. With the addition of the Cambian
Adult Group, UHS will have a total of 102 facilities with
approximately 2,250 beds in the U.K.
Alan B. Miller, CEO and
Chairman of the Board of Universal Health Services, Inc. said, "We
are pleased to announce the acquisition of Cambian's Adult Services
Division and welcome them into our Company. These facilities have
an exceptional reputation and are leading their industry in both
quality scores and patient outcomes. In addition, the services
provided by the Cambian adult facilities are complementary to the
services provided by our existing U.K. facilities."
Universal Health Services (NYSE: UHS) is one of the
largest and most respected hospital management companies in the
nation. For nearly 40 years, UHS and its affiliates have focused on
meeting patients' healthcare needs across hundreds of local
communities. Today, UHS subsidiaries own and/or operate more than
240 acute care hospitals and behavioral health facilities in 37
states, Washington, D.C.,
Puerto Rico, U.S. Virgin Islands and the U.K. UHS
constantly strives to put patients first while adhering to the
highest clinical performance standards. Over the past 4 years, 83
UHS facilities have been designated Top Performer in Key Quality
Measures by The Joint Commission. In the Behavioral Health
Division, over half of UHS's eligible facilities received this
distinguished recognition for the quality of our services. For
additional information on the Company, visit our web site:
http://www.uhsinc.com.
Certain statements in this release may constitute
forward-looking statements and are subject to various risks and
uncertainties as discussed in the Company's filing with the
Securities and Exchange Commission. The Company is not
obligated to update these forward-looking statements even if the
Company's assessment of these risks and uncertainties
changes.
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SOURCE Universal Health Services, Inc.