Universal Health Services Acquires AscendHealth for $500,000,000

  • Feed Type
  • Date
    6/5/2012
  • Company Name
    AscendHealth
  • Mailing Address
    280 Madison Avenue New York, NY 10016
  • Company Description
    The AscendHealth Corporation is a newly established behavioral healthcare company whose President and CEO, Richard Kresch, M. D., has maintained a successful 30 year leadership and entrepreneurial record in both the not-for-profit and proprietary sectors. Dr. Kresch most recently built and sold Heartland Health Developments, LLC, a chain of psychiatric hospitals and behavioral healthcare management operations.
  • Website
    http://www.ascendhealth.net
  • Transaction Type
    M&A
  • Transaction Amount
    $500,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Universal Health said it is also taking on $17 million in debt held by Ascend as part of the deal. Universal Health owns and runs 231 hospitals.

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