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Universal Health Services Takes $147 Million Write-Down On Value Of Addiction Treatment Unit

News | December 16, 2019

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On October 25, 2019, officials with Universal Health Services (UHS) told investors that the company wrote off $147 million of the value of its addiction treatment unit, Foundations Recovery Network LLC (Foundations). UHS had acquired Foundations in 2015 for $350 million. UHS asserts that since 2015, payer control over treatment has been increasing and fewer…

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