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Stock impact report

UHS to acquire Talkspace for $835M as hospital operator pursues behavioral health growth [Yahoo! Finance]

Talkspace, Inc. (TALK) 
Company Research Source: Yahoo! Finance
This story was originally published on Healthcare Dive . To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter Dive Brief: Universal Health Services has agreed to acquire virtual behavioral health company Talkspace for $835 million as the for-profit hospital giant looks to accelerate growth in its outpatient and mental health businesses. The deal should help UHS get around staffing shortages that have bottlenecked behavioral health services for existing patients, while bringing more consumers into UHS' doors, executives said during an investor conference Monday morning after the deal was announced. Under the definitive agreement, UHS will acquire Talkspace for $5.25 a share , representing a modest 10% premium to Talkspace's last closing price. The companies expect the deal to close in the third quarter this year. Dive Insight: UHS, one of the biggest healthcare providers in the U.S., has zeroed in on its behavioral health segment as th Show less Read more
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