Dynamic Healthcare M&A Database

Acquiring Party	Psychiatric Solutions, Inc. (NASDAQ: PSYS), a provider of behavioral health programs to critically ill children, adolescents and adults in 29 states.
Transferring Party	Horizon Health Corporation (NASDAQ: HORC), an operator of 15 inpatient behavioral health facilities with approximately 1,561 beds in 11 states and provider of employee assistance programs and physical rehabilitation services.
Sector	Medical Services
Date	December 21, 2006
Analysis Enables PSI to expand its behavioral health business in growing markets. Identified opportunities to expand Horizon Health's EBITDA of $31m (13.7x) by at least $10 million through corporate synergies. Deal value -- $426m. Horizon's revenues are $275m (1.5x).
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Dynamic Healthcare M&A Database - 4Q06