Newsletter Articles | April 30, 2007
Horizon Health Corporation Shareholders Approve Merger With Psychiatric Solutions
OPEN MINDS, The Behavioral Health & Social Service Industry Analyst
Industry News
On March 28, 2007, Horizon Health Corporation (Horizon) announced that its stockholders voted to adopt a merger agreement with Psychiatric Solutions, Inc., (PSI). The merger is valued at about $426 million. PSI will assume about $105 million of Horizons debt. Horizon shareholders will receive $20 for each share. The merger will bring PSI more than 1,500 beds located in 15 inpatient psychiatric facilities in 11 states.
The merger is expected to close during the second . . .
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