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Sealing the deal; Ardent exiting behavioral care with sale.

Publication: Modern Healthcare
Publication Date: 14-MAR-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Vince Galloro

The rising value of psychiatric hospitals was demonstrated again as Ar-dent Health Services agreed to sell its 20 psychiatric hospitals to Psychiatric Solutions for $500 million in cash and $60 million in Psychiatric Solutions stock, the companies said.

For Nashville-based Ardent, the sale would complete the transformation of the former Behavioral Healthcare Corp. into an acute-care hospital company. The makeover began in 2001 when Welsh, Carson, Anderson &...

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