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Universal Health Services, Inc. To Acquire Ascend Health Corporation
Universal Health Services, Inc. announced that they have reached a definitive agreement whereby UHS will acquire Ascend Health Corporation (Ascend) for $500 million in cash. Including the assumption of $17 million in Ascend net debt, the total transaction consideration is approximately $517 million. J.P. Morgan Securities LLC is acting as financial advisor to UHS. Cravath, Swaine & Moore LLP is acting as legal advisor to UHS. Goldman, Sachs & Co. is acting as financial advisor to Ascend. Cahill Gordon & Reindel LLP is acting as legal advisor to Ascend.
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