DCF Advises United Medical Corp. on Sale of Hospitals
Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as exclusive financial advisor to United Medical Corporation (United Medical) in the sale of five behavioral hospitals of its affiliate Ten Broeck Healthcare (Ten Broeck) to Psychiatric Solutions, Inc (PSI) (NASDAQ: PSYS).
About Ten Broeck and PSI
The five freestanding inpatient and outpatient behavioral health facilities are located in Kentucky and Florida, collectively operating 418 beds. The inpatient facilities provide a wide range of behavioral healthcare services for children, adolescents and adults, via acute inpatient and outpatient behavioral health treatment facilities and residential treatment services. The outpatient programs provide specialized intensive outpatient treatment for target groups, including adult chemical dependency and adolescent chemical dependency. Ten Broeck will continue to operate behavioral healthcare facilities.
PSI offers an extensive continuum of behavioral health programs to critically ill children, adolescents and adults, and is the largest operator of owned or leased freestanding psychiatric inpatient facilities, with approximately 10,000 beds in 31 states, Puerto Rico and the U.S. Virgin Islands.