Universal Health Services, Inc. announced that it has acquired the stock of Alpha Hospitals Holdings Limited ("Alpha"). The acquisition of Alpha adds four hospitals and 305 beds to the Cygnet family. These facilities provide significant child and adolescent services, low and medium secure services as well as various specialist mental healthcare services. With the addition of the Alpha hospitals and previously announced acquisitions and bed additions, we have a total of 21 hospitals and approximately 1,100 beds in the UK.
Alan B. Miller, CEO and Chairman of the Board of Universal Health Services, Inc. said, "We are pleased to announce the acquisition of Alpha and welcome them into our growing system in the UK. The facility locations are an excellent geographical fit and their services are complementary to Cygnet's existing portfolio."
David Cole, CEO of Cygnet said, "We have always viewed Cygnet and Alpha's operations as a good match and I personally am delighted to have completed this acquisition. Alpha Hospitals has a very good pedigree and an excellent reputation in the sector. Like Cygnet, it is a brand that portrays quality and confidence, and boasts very strong customer relationships."
Universal Health Services, Inc. is one of the nation's largest hospital companies, operating, through its subsidiaries, behavioral health facilities, acute care hospitals, and ambulatory centers throughout the United States, Puerto Rico, the United Kingdom and the U.S. Virgin Islands.
Certain statements in this release may constitute forward-looking statements and are subject to various risks and uncertainties as discussed in the Company's filing with the Securities and Exchange Commission. The Company is not obligated to update these forward-looking statements even if the Company's assessment of these risks and uncertainties changes.