Universal Health Services Withdraws Application to Sell Las Vegas Psychiatric Facilities

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Universal Health Services, Inc. (UHS) has withdrawn its application seeking Federal Trade Commission approval to sell its Las Vegas psychiatric facilities, including Montevista Hospital and Red Rock Behavioral Health Hospital, to Dr. Soon Kim through Signature Health Services, LLC, which does business as Aurora Behavioral Healthcare. UHS continues to be required to sell the Las Vegas assets under an FTC order settling charges that its 2010 acquisition of Psychiatric Solutions, Inc. as originally proposed was anticompetitive.

Copies of the letter withdrawing the application can be found on the FTC’s website and as a link to this press release. (FTC File No. 101-0142, Docket No. C-4309; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623; see press release dated November 15, 2010.)

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(FYI 37.5.2011.wpd)

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