US-based hospital operator Universal Health Services (UHS) has acquired UK-based Cygnet Health Care for around $335m.

The acquisition will add 17 facilities for Cygnet in the UK, which includes 15 inpatient behavioural health hospitals and two nursing homes with a total of 743 beds.

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UHS noted that Cygnet generated around $161m of annual revenue over the past 12 months.

Universal Health Services CEO and board chairman Alan Miller said: "We are proud to have been chosen to continue Cygnet Health Care’s long history of providing high quality healthcare in this very attractive market.

"Cygnet offers services for children, eating disorders and autism."

"These facilities are very well run by a highly experienced and committed management team. We look forward to sharing best practices and building on their tradition of excellence as we look to grow and expand our services in the UK."

As one of the leading independent providers of behavioural health facilities in the UK, Cygnet offers services for children, eating disorders and autism.

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UHS, through its subsidiaries, operates behavioural health facilities, acute care hospitals, and ambulatory centres in the US, Puerto Rico, the UK and the US Virgin Islands.

This transaction will mark UHS’ re-entry into Europe. In the past, the company had operated and sold facilities in the UK and France.

UHS’ rival Acadia Healthcare purchased a UK-based psychiatric hospital operator, Partnerships in Care (PiC), in July for $662m.