United Health Services Ordered To Sell Facilities As Part Of Psychiatric Solutions Deal
By Benzinga Staff
November 16, 2010 9:26 AM
November 16, 2010 9:26 AM
Federal Trade Commission order announced / Psychiatric Solutions (NASDAQ: PSYS) deal complete: United Health Services (NYSE: UHS) required to sell 4 inpatient facilities and 11 outpatient centers as part of the Psychiatric Solutions, Inc. deal. This is slightly better vs. Deutsche Bank's expectation.
The FTC is requiring UHS to sell one hospital in Delaware, two hospitals in Las Vegas, NV and one hospital in Puerto Rico. Based on DB's analysis of the order, the total # of bed divestitures would be approximately 270 beds.
Deutsche Bank has a $55 PT and Buy rating on UHS
UHS closed Monday at $40.89
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