6 Psychiatric Hospitals Acquired by Samissa
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Samissa Health Care Corp., Newport Beach, has acquired six psychiatric hospitals by buying out its joint venture partner, Republic Health Corp., for $14.7 million.
The six hospitals had operating revenues of $16 million in 1986. Samissa is also leasing six other mental health hospitals from troubled Dallas-based Republic, which is restructuring and recapitalizing after a leveraged buyout last August.
The 12 hospitals are located in seven states, including California.
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