CE Economists assist in Universal Health Services, Inc. acquisition of Psychiatric Services, Inc.

p>On November 15, 2010, Universal Health Services, Inc. (“UHS”) completed its previously announced acquisition of Psychiatric Solutions, Inc. (“PSI”).   UHS owns or operates 25 acute care hospitals and 102 behavioral healthcare facilities and schools in 32 states, Washington, D.C., and Puerto Rico. PSI is the largest stand-alone operator of free-standing psychiatric inpatient facilities with 94 facilities in 32 states, Puerto Rico, and the U.S. Virgin Islands.  The transaction received approval from the U.S. Federal Trade Commission subject to the divestiture of certain facilities in Delaware, Las Vegas, and Puerto Rico.   Assistance to the parties was provided by CE academic affiliates Luke Froeb and Larry Van Horn of Vanderbilt University and a CE team led by Director Michael Doane.   

Cravath Swaine and Moore LLP and Sherman and Sterling LLP, provided legal counsel to UHS and PSI, respectively. 

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