Paul Hastings Reps Valitas In $250M Merger

Law360, New York (March 3, 2011, 6:17 PM EST) -- Valitas Health Services Inc. said Thursday it would acquire America Service Group Inc. for approximately $250 million, creating a combined correctional health care company with annual revenues of approximately $1.4 billion.

Valitas will offer $26 per share for America Service Group's stock, a 48.7 percent premium over its Wednesday closing price.

Valitas Chairman and CEO Richard H. Miles said the merger would provide state and local governments greater access to medical expertise.

“We are creating a team with best-in-class experience, staffing depth and leadership. Our existing and...
To view the full article, register now.