Horizon Health deal hits snag; FTC launches antitrust investigation of psych pact.(Federal Trade Commission)

Modern Healthcare, February, 2007 by Zigmond, Jessica

Byline: Jessica Zigmond

Behavioral healthcare provider Psychiatric Solutions must wait a bit longer in its effort to close a deal to acquire Horizon Health Corp. while both companies respond to the Federal Trade Commission's request for additional information last week.

On Feb. 14, Psychiatric Solutions and Lewisville, Texas-based Horizon Health Corp. said they would "respond expeditiously'' to a second request from the FTC regarding the merger, which was announced in late December. They also said the request relates to two markets, although they did not specify which ones. The second request signals the FTC has antitrust concerns about the deal.

In the agreement, Psychiatric Solutions agreed to acquire Horizon in a deal valued at $426...

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