Psychiatric Solutions, Inc. To Be Acquired BY Bain Capital (PSYS)

Private-equity firm Bain Capital is looking to acquire Psychiatric Solutions, Inc. (NASDAQ: PSYS).

Psychiatric Solutions, Inc. is a for-profit operator of mental-health hospitals and clinics. The clinic operator has a market cap of approximately $1.35 billion. The deal is likely to take place at 25 percent premium to the market cap.

Psychiatric Solutions, Inc. has been in talks with several private-equity firms. The company has appointed Bank of America Merrill Lynch as its advisor.

Psychiatric Solutions operates more than 90 psychiatric hospitals in 32 states. It is mainly concentrated in East and Southeast.