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Notable Mergers and Acquisitions of the Day 7/31: AET, FBCM
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- Aetna (NYSE: AET) today announced that it has entered into an agreement to acquire Horizon Behavioral Services, LLC. Headquartered in Lewisville, Texas, Horizon Behavioral Services is a leading provider of Employee Assistance Programs to many mid-sized and large employers.
The purchase price is approximately $70 million. Aetna expects to finance the transaction from available cash. The transaction is subject to customary closing conditions, including Hart-Scott-Rodino anti-trust approval and applicable regulatory approvals in California.
Aetna will acquire Horizon Behavioral Services from its parent company, Psychiatric Solutions, Inc. (NASDAQ: PSYS) the nation’s largest operator of owned or leased freestanding psychiatric inpatient facilities. Horizon
- Aetna (NYSE: AET) today announced that it has entered into an agreement to acquire Horizon Behavioral Services, LLC. Headquartered in Lewisville, Texas, Horizon Behavioral Services is a leading provider of Employee Assistance Programs to many mid-sized and large employers.
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