A Medical Device Daily
Universal Health Services (UHS; King of Prussia, Pennsylvania) reported that it has completed the previously disclosed sale of its 81.5% interest in Medi-Partenaires (Paris) to Barclays Private Equity France and Cobalt Capital.
Medi-Partenaires is an operator of private acute-care hospitals in France and currently owns and manages 14 hospitals across that country.
The pre-tax sale proceeds were about $295 million.
UHS is one of the nation’s largest hospital companies, operating acute-care and behavioral health hospitals, ambulatory and radiation centers nationwide. It also acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust
U.S. Physical Therapy (UPT; Houston) a national op-erator of physical and occupational therapy outpatient clinics, has acquired a majority interest in Hamilton Physical Therapy Services (HPTS; Hamilton, New Jersey), an operator of three physical and occupational therapy clinics located in central New Jersey.
Alvin Feldman, managing partner of HPTS, said, “Our merger with U.S. Physical Therapy is an excellent fit. Along with my partners, Robert Cornell, Frederick York, and Jaime Caceres, we will retain a significant equity interest in the business and will continue to manage the practice. There are no staffing changes anticipated.”