meanwhile, lost ground, off marginally to $32.39 as investors had been expecting a higher bidding price for the operator of mental-health inpatient facilities.
Investors in Psychiatric Solutions had run up the stock in recent weeks in anticipation of a buyout, but the offer price from Universal Health was $33.75, only a few percentage points up from Psychiatric's Friday close. Psychiatric Solutions shares had been in the low-$20 range in March before starting a quick climb upward into the low-$30 vicinity.
Universal said the deal is expected to be "significantly accretive" and that the deal would complement its current assets.
Elsewhere in health care, insurers were mixed as the broader market lost more ground. Cigna Corp. give me your song
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where is my love
this is my code
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