Markets Wired

Universal Health Services, Inc. (UHS) has withdrawn its application seeking Federal Trade Commission approval to sell its Las Vegas psychiatric facilities, including Montevista Hospital and Red Rock Behavioral Health Hospital, to Dr. Soon Kim through Signature Health Services, LLC, which does business as Aurora Behavioral Healthcare. UHS continues to be required to sell the Las Vegas assets under an FTC order settling charges that its 2010 acquisition of Psychiatric Solutions, Inc. as originally proposed was anticompetitive.

Copies of the letter withdrawing the application can be found on the FTC’s website and as a link to this press release. (FTC File No. 101-0142, Docket No. C-4309; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623; see press release dated November 15, 2010.)

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call
1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook and follow us on Twitter.

(FYI 37.5.2011.wpd)