Cooper Sells Rest of Its Psychiatric Institutions
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Cooper Cos. Inc. said Monday it agreed to sell the remainder of its Hospital Group of America psychiatric services business to Universal Health Services Inc. for $27 million, plus an additional $3 million if certain undisclosed contingencies are met.
Irvine-based Cooper, which is seeking to focus on its core business of making contact lenses and gynecological devices, is selling three psychiatric institutions to Pennsylvania-based Universal. A fourth institution was sold to Focus Healthcare LLC of Ooltewah, Tenn.
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