Universal Health price target raised to $102-$111 from $80-$85 at Wells Fargo Wells Fargo increased its price target on Universal Health after the company reported much higher than expected EPS and raised its EPS guidance by 75c. The firm thinks the outlook for the company and its sector is strong, but it keeps a Market Perform rating on the shares.
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Universal Health acquires Cygnet Health Care for $335M Universal Health announced that it has acquired the stock of Cygnet Health Care for a purchase price of approximately $335M. Through this acquisition, the company has added a total of 17 facilities throughout the United Kingdom including 15 inpatient behavioral health hospitals and 2 nursing homes with a total of 743 beds. Cygnet generated approximately $161M of annual revenue over the past twelve months. In addition, earlier this week UHS was added as a component of the S&P 500 Index.