Universal Health Services has acquired the stock of Alpha Hospitals Holdings, which adds 305 beds and four hospitals to the organization’s Cygnet Health Care family in the UK.
Established in 2002, Alpha facilities provide child and adolescent services, low and medium secure services as well as gender-specific specialist mental healthcare services. With the addition of the Alpha hospitals and previously announced acquisitions and bed additions, Universal has a total of 21 hospitals and approximately 1,100 beds.
"We have always viewed Cygnet and Alpha's operations as a good match and I personally am delighted to have completed this acquisition,” said David Cole, CEO of Cygnet in a press release. “Alpha Hospitals has a very good pedigree and an excellent reputation in the sector. Like Cygnet, it is a brand that portrays quality and confidence, and boasts very strong customer relationships."
Universal Health Services, Inc. operates, through its subsidiaries, behavioral health facilities, acute care hospitals, and ambulatory centers throughout the United States, Puerto Rico, the United Kingdom and the U.S. Virgin Islands. In its second-quarter earnings statement, the organization reported net revenues increased 10.9% to $2.28 billion during the second quarter of 2015, as compared to $2.05 billion during the second quarter of 2014. During the quarter, admissions for behavioral health facilities and acute care both increased.