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Universal Health buys UK mental health services company Cygnet

Reuters - UK Focus

Sept 26 (Reuters) - Universal Health Services Inc (Other OTC: UHID - news) said it bought British mental health facilities operator Cygnet Health Care Ltd in a deal valued at about $335 million, to enter the UK market.

The U.S. hospital operator said Cygnet had 17 facilities across the UK.

Cygnet generated about $161 million in revenue over the past 12 months, Universal Health said in a statement on Friday. (Reporting by Vidya L Nathan in Bangalore; Editing by Kirti Pandey)