PE Firm Buys Psychiatric Hospital Owner Springstone

Private equity firm Welsh, Carson, Anderson & Stowe has acquired a majority stake in hospital administrator Springstone, and invested $100 million into company. Financial terms of the acquisition were not released. Springstone owns and operates a psychiatric hospital in Indiana, and plans to acquire additional psychiatric and behavioral facilities across the U.S. Welsh, Carson, Anderson & Stowe is based in New York and invests mainly in healthcare and information and business services.

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