M&A Deal Summary

Aetna Acquires Horizon Behavioral Services

On July 31, 2009, Aetna acquired healthcare services company Horizon Behavioral Services from Psychiatric Solutions for 70M USD

Acquisition Highlights
  • This is Aetna’s 2nd transaction in the Healthcare Services sector.
  • This is Aetna’s 11th largest (disclosed) transaction.
  • This is Aetna’s 6th transaction in the United States.
  • This is Aetna’s 1st transaction in Texas.

M&A Deal Summary
Date 2009-07-31
Target Horizon Behavioral Services
Sector Healthcare Services
Buyer(s) Aetna
Sellers(s) Psychiatric Solutions
Deal Type Divestiture
Deal Value 70M USD

Target

Horizon Behavioral Services

Lewisville, Texas, United States
Horizon Behavioral Services is a provider of Employee Assistance Programs to many mid-sized and large employers. Horizon Behavioral Services is the third-largest domestic provider of EAP services by membership with approximately 1,400 contracted employer clients representing over 5 million covered employees in all 50 states and countries around the globe. The company provides unlimited 24/7 confidential telephonic consultation, comprehensive online employee assistance program and work/life resources and access to a referral network of more than 14,000 licensed clinicians.

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Buyer(S) 1

Buyer

Aetna

Hartford, Connecticut, United States

website

Category Company
Founded 1853
Sector Insurance
Employees50,100
Revenue 63.2B USD (2016)
DESCRIPTION

Aetna, Inc. is a diversified health care benefits company. Aetna offers medical, pharmaceutical, dental, behavioral health, long-term care, and disability health-care plans. Aetna was founded in 1853 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 6 of 14
Sector (Healthcare Services) 2 of 4
Type (Divestiture) 2 of 3
State (Texas) 1 of 1
Country (United States) 6 of 13
Year (2009) 1 of 1
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Goodhealth Worldwide

Tampa, Florida, United States

Goodhealth Worldwide (Global) Ltd. is a provider of health care insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-07 Medicity

Salt Lake City, Utah, United States

Medicity is a health information exchange technology company offers a broad range of products and services that enable health systems, hospitals, physician practices and health information exchanges to securely access and exchange health care information, improving the quality and efficiency of patient care and reducing unnecessary health care costs. Medicity markets its products and services locally, regionally and nationally. Medicity, Inc. was founded in 1998 and is headquartered in Salt Lake City, Utah.

Buy $500M

Seller(S) 1

SELLER

Psychiatric Solutions

Franklin, Tennessee, United States

website

Category Company
Founded 1988
Sector Healthcare Services
Employees16,000
DESCRIPTION

Psychiatric Solutions Inc., is a provider of behavioral health care services. PSI operates 34 freestanding psychiatric inpatient facilities with more than 4,000 beds. The company also manages freestanding psychiatric inpatient facilities and psychiatric inpatient units within general acute care hospitals owned by others.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-10 Altus Health Systems

Forest Park, Illinois, United States

Altus Health Systems (dba Riveredge Hospital) is a company involved in providing treatment of behavioral health to children, adolescents, young adults, adults, and geriatric persons.

Buy $16M
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