KING OF PRUSSIA, Pa. (AP) — Hospital operator Universal Health Services Inc. said Monday that it will buy psychiatric facility operator Ascend Health Corp. for $500 million.

Ascend is based in New York. It runs 9 psychiatric inpatient hospitals in Texas, Arizona, Utah, Oregon, Washington. Universal Health said it is also taking on $17 million in debt held by Ascend as part of the deal. Universal Health owns and runs 231 hospitals.

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