Universal Health Services acquisition history

UHS, through its UK subsidiary Cygnet Health Care, acquired The Danshell Group in the third quarter of 2018. Danshell operated 25 UK facilities (about 288 beds) providing supported-living, residential and hospital services for adults with learning disabilities and autism. The deal extended Cygnet's UK footprint into specialist learning-disability care.

In late December 2016 UHS completed the acquisition of Cambian Group PLC's adult services division for approximately $473 million. The division comprised roughly 79 inpatient and 2 outpatient behavioral health facilities in the United Kingdom, which were folded into UHS's Cygnet operations. It was UHS's largest UK behavioral acquisition and substantially scaled the Cygnet network.

Desert View Hospital is a 25-bed acute care hospital in Pahrump, Nevada. UHS acquired the facility during the third quarter of 2016 as part of a year in which the company also completed the UK Cambian adult-services purchase, adding an acute care presence in a rural Nevada market.

UHS acquired Foundations Recovery Network, LLC in the fourth quarter of 2015, adding a specialist addiction-treatment operator with four inpatient facilities (322 beds) and eight outpatient centers. Founded in 1995, Foundations treated adults with co-occurring addiction and mental-health disorders using an integrated, evidence-based model. The deal broadened UHS's behavioral offering into substance-use and dual-diagnosis care.

UHS acquired Alpha Hospitals Holdings Limited during the third quarter of 2015, adding four UK behavioral health care hospitals with 305 beds to its Cygnet operations. The deal expanded UHS's UK inpatient mental-health capacity roughly a year after the Cygnet platform acquisition.

Orchard Portman House Hospital, subsequently renamed Cygnet Hospital-Taunton, is a 46-bed behavioral health care facility in the United Kingdom. UHS acquired the hospital in February 2015, adding it to the UK behavioral health platform it had built through the earlier Cygnet Health Care acquisition.

UHS acquired the stock of Cygnet Health Care Limited during the third quarter of 2014, marking its entry into the United Kingdom behavioral health market. Cygnet comprised 17 facilities - 15 inpatient behavioral health hospitals and 2 nursing homes - with a total of roughly 723 beds. Cygnet has since served as UHS's platform for further UK expansion.

UHS acquired and funded the required capital reserves of Prominence Health Plan, a commercial health insurer headquartered in Reno, Nevada, during the second quarter of 2014. The deal extended UHS beyond hospital operations into managed care in its Nevada markets. Per-transaction terms were not separately disclosed.

UHS acquired the Psychiatric Institute of Washington, a 124-bed behavioral health care facility and outpatient treatment center in Washington, D.C., during the second quarter of 2014. As part of the transaction UHS also acquired the associated Arbor Group operations. The purchase added inpatient and outpatient behavioral capacity in the capital market.

Palo Verde Behavioral Health is a 48-bed inpatient behavioral health facility in Tucson, Arizona. During 2014, UHS acquired the operations of the facility, folding it into the company's Behavioral Health Care Services segment alongside a group of other behavioral and acute care purchases made that year.

UHS acquired Ascend Health Corporation, described as the largest private psychiatric hospital provider, with nine owned or leased freestanding inpatient psychiatric facilities across five states. The all-cash deal deepened UHS's behavioral health footprint in the western U.S. and was expected to be immediately accretive to earnings. The transaction closed in October 2012.

We are thrilled to add Ascend's high quality assets to our strong portfolio of behavioral health facilities. We expect this acquisition to be immediately accretive to earnings and provide organic growth and expansion opportunities.Alan B. Miller — Chief Executive Officer and Chairman of the Board, Universal Health Services, Inc.

UHS acquired Psychiatric Solutions, Inc. (PSI), then the largest standalone operator of freestanding inpatient psychiatric facilities, in an all-cash deal. The transaction combined UHS's acute-care and behavioral operations with PSI's 94 inpatient psychiatric facilities and made UHS the largest facilities-based behavioral health provider in the country. Management framed the deal as transformative and expected it to be significantly accretive to earnings.

This transformative transaction is very compelling for shareholders, patients and employees of both companies, and we are excited to add PSI's assets to our portfolio.Alan B. Miller — Chief Executive Officer and Chairman of the Board, Universal Health Services, Inc.

On behalf of the Special Committee of the board of directors of PSI, we are pleased to have reached an agreement that will enable us to deliver significant and certain value to our shareholders.Christopher Grant — Jr., Chairman of the PSI Special Committee