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Friday, September 26, 2014

Universal Health buys UK mental health services company Cygnet, (NYSE: UHS)

Universal Health Services Inc said it bought British mental health facilities operator Cygnet Health Care Ltd in a deal valued at about $335 million, to enter the UK market. The U.S. hospital operator said Cygnet had 17 facilities across the UK.

Universal Health Services, Inc., owns and operates through its subsidiaries, acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Shares of UHS traded higher by 0.12% or $0.13/share to $111.86. In the past year, the shares have traded as low as $73.06 and as high as $115.64. On average, 1071940 shares of UHS exchange hands on a given day and today's volume is recorded at 155500.