York-based Care group acquired by New York Stock Exchange-listed business
A group which operates facilities for adults with learning disabilities and autism has been acquired by a subsidiary of a New York Stock Exchange-listed business.
The Danshell Group, which is headquartered in York, has been acquired by Sevenoaks-based Cygnet Health Care, a subsidiary of NYSE-listed Universal Health Services.
The Group owns and operates 25 facilities across the UK with a total of 288 beds.
Its facilities support and care for adults living with learning disabilities, who may also have a diagnosis of autism, in specialist supported living, residential services and hospitals.
Tony Romero, chief executive of Cygnet, said: “The Danshell network of facilities has a strong reputation for providing compassionate behavioural health care with respect and dignity as evidenced by the high quality ratings deemed by CQC. Like Cygnet, Danshell is a brand that portrays quality and confidence, and boasts long-standing customer relationships.”
Alan B Miller, chief executive and chairman of the board of Universal Health Services, and chairman of the board for Cygnet Health Care, said: “The acquisition of Danshell expands our network of services in the UK, enabling us to deliver superior quality care to more people. The facility locations are an excellent geographical fit and their services are complementary to our existing portfolio.”
Universal Health Services, headquartered in King of Prussia, Pennsylvania, has more than 83,000 employees and, through its subsidiaries, operates more than 326 inpatient acute care hospitals and behavioural health facilities.