Psychiatry
Stockholders of Horizon Health Corporation Approve Merger Agreement with Psychiatric Solutions, Inc
Published in Mental Health Law Weekly, April 14th, 2007
Horizon Health Corporation (NASDAQ: HORC) ("Horizon Health") announced that its stockholders, at a special meeting held on March 28, 2007, voted to adopt the merger agreement pursuant to which Psychiatric Solutions, Inc. (NASDAQ: PSYS) ("PSI") will acquire Horizon Health in a transaction valued at approximately $426 million, including the assumption or repayment of approximately $105 million of debt. Under the terms of the merger agreement, Horizon Health stockholders will receive $20 in cash for each share of Horizon Health common stock they hold.
The closing of the transaction remains subject to certain regulatory approvals, including termination or expiration of the...
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