Universal Health Services To Acquire Foundations Recovery Network For $350 Million

On September 18, 2015, Universal Health Services, Inc. (UHS) announced plans to acquire Foundations Recovery Network, LLC (Foundations), an addiction treatment provider organization for approximately $350 million. UHS plans to use the Foundations acquisition and direct-to-consumer marketing model as a platform for growth in a new UHS substance use disorder service line. UHS is acquiring 322 residential beds in four facilities and eight outpatient centers, with more than 140 more beds in the expansion pipeline.

The two organizations have reached a definitive agreement, and UHS has received approval from the Federal Trade Commission (FTC). The acquisition is expected . . .