UHS buys out minority owner in 6 Nevada hospitals

King of Prussia, Pa.-based Universal Health Services has agreed to purchase the minority ownership interests held by a third-party in its six Nevada hospitals for $445 million.

Advertisement

The hospitals involved in the transaction include: Centennial Hills Hospital Medical Center in Las Vegas; Desert Springs Hospital in Las Vegas; Spring Valley (Nev.) Hospital Medical Center; Summerlin (Nev.) Hospital Medical Center; Valley Hospital Medical Center in Las Vegas, and Henderson (Nev.) Hospital, which is currently under construction.

“This transaction reflects our continued confidence in the performance of our hospitals in the Las Vegas market and, in particular, our enthusiasm for the opening of our newest hospital in Henderson, Nevada, later this year,” said Alan B. Miller, CEO of UHS.

More articles on healthcare industry transactions:

Capella, RegionalCare merge into $1.7B company
CHS completes 38-hospital spinoff
UPMC, Jameson Health System finalize merger

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.