Health Care Industry
Industry: Email Alert RSS FeedStill in the market; Psychiatric Solutions says it's still in mood to buy.(Horizon Health Corp.)
Modern Healthcare, June, 2007 by Zigmond, Jessica
Byline: Jessica Zigmond
Closing a $426 million deal to eliminate a competitor is reason to celebrate, but a spokesman for Psychiatric Solutions told investors last week that the acquisition party for the Franklin, Tenn.-based behavioral health provider is not over just yet.
The acquisition market was one of the topics in Psychiatric Solutions' presentation to investors at William Blair & Co.'s 27th Annual Growth Stock Conference in Chicago last week. After completing the transaction to buy Lewisville, Texas-based Horizon Health Corp. on June 1, Psychiatric Solutions now has 90 facilities with about 10,000 beds in 31 states, and Puerto Rico and the U.S. Virgin Islands, and about 10% of the market share in the $15 billion behavioral healthcare segment,...
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