Private Equity Goes After Psychiatric Solutions

Thu, 03/11/2010 - 07:55 EDT  in
 

Daniel Andres Jacome submits: Shares of inpatient psychiatric facility provider Psychiatric Solutions rocketed +24% intraday Wednesday after the WSJ reported that the Tennessee-based provider was in talks to be acquired by private-equity firm Bain Capital. According to the article, PSYS was asking for a +25% premium to its current market price. This would imply at least a $30 price tag - and a ~1.7x EV/sales multiple - which makes sense given that $30 is roughly the stock’s 52 week high. Complete Story »

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