- published: 13 Jul 2007
- views: 2275
Psychiatric Solutions, Inc. is a subsidiary of Universal Health Services which operates psychiatric hospitals in 32 states of United States.
Joey Jacobs and Bryce DeHaven, former executives of Hospital Corporation of America for over 20 years, founded Psychiatric Solutions, Inc. in 1997. On May 17, 2010 Psychiatric Solutions was purchased by Universal Health.
A detailed series of articles published by The Los Angeles Times in conjunction with ProPublica exposed many cases of abuse and negligence at PSI facilities nationwide. ProPublica's news reports obtained many documents revealing abuse at PSI facilities. PSI hospitals have about one-third fewer staffers per bed than comparable facilities.
In March 2010, The Wall Street Journal reported that Psychiatric Solutions was being investigated for breach of fiduciary duty, lying to investors about safety issues at its facilities, and other violations of state laws.
In May 2010, it was reported that the United States Department of Justice is investigating PSI for shareholder fraud, and class action lawsuits have been filed against it on behalf of shareholders.
(7-12-07) The Wallstrip Trader understands everything there is to know about a stock. Jim Cramer takes it a step further. Psychiatric Solutions, Inc. (PSYS)
"Psychiatric Solutions, Inc. (NASDAQ:PSYS) stockholders have approved the acquisition of PSI by Universal Health Services (NYSE:UHS). Almost 97 percent of the shares that voted, voted in favor of the merger, which is expected to be complete by the fourth quarter of 2010. PSI stockholders will receive $33.75 per share for each share they own. SmarTrend is bullish on shares of Psychiatric Solutions and our subscribers were alerted to buy on January 20, 2010 at $24.14. The stock has risen 39.1% since the alert was issued. "
2/24/2010-Shares of Psychiatric Solutions (NASDAQ:PSYS) are trading 4% lower to $21.90 Wednesday after the provider of behavioral-health programs to children forecasted 2010 EPS of $2.27 to $2.31, versus consensus estimates of $2.32.
Citigroup analysts are downgrading Psychiatric Solutions (NASDAQ:PSYS) to hold from buy following Monday's announcement that Universal Health Services (NYSE:UHS) will acquire the company for $33.75 per share. Analyst Gary Taylor said, "The ~4% implied total return from here does not warrant a Buy rating for fundamental investors given even a small possibility that the deal could fall apart. We are raising our PT to the announced deal price and downgrading the stock. Thus ends our patient, tumultuous but ultimately unrewarding (down 3.5% vs S&P400; down 8%) value based Buy-rating on PSYS, approximately 2-years after our 1st Buy recommendation at $35.01." The bank sees fiscal 2010 EPS of $2.27, vs. consensus estimates of $2.33 per share, and fiscal 2011 EPS of $2.47, vs. consensus estimates...
Hello Deaf, Hard of Hearing, Deaf / Blind and hearing loss community. This is Chris Johnson, my sign name is CJ. I work for an agency called ViaQuest. We provide several services including nursing home, hospice, and counseling. What I do is provide counseling, I have been doing counseling for over 17 years specializing Deaf, Hard of Hearing, Deaf-Blind and hearing loss population. I want to let you know that we set an agency to provide services as you may have heard many services in Ohio have folded or downsized and felt heartbroken. I worked at previous agency, they closed deaf services department. Many people asked me wanting services, I have contacted several agencies to set up services. I contacted ViaQuest, they were open to the idea of setting up services for the community...
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Michael Koehn is the principle and CEO of Mindteams Solutions located in Kamloops, BC. Michael holds a Masters of Arts in Counselling Psychology and is a registered clinical counsellor. In this video Michael continues the 5 pillar approach and talks about the fourth pillar: mental health.
In this complementary webinar, we discuss the strategy implications for transforming your professional workforce via mobile EHR technologies.
Michael Koehn is the principle and CEO of Mindteams Solutions located in Kamloops, BC. Michael holds a Masters of Arts in Counselling Psychology and is a registered clinical counsellor. Mental health plays a key role in quality of life. The counsellors at Mindteams Solutions feel extremely passionate about how their clients mental wellness. Mental health is the primary area of focus at Mindteams Solutions in addition to all the other standard care a patient would expect.
In this complementary webinar, we discuss the strategy implications for transforming your professional workforce via mobile EHR technologies.
Eight days of the week cant believe my eyes.
Insurrection in the streets so we stay inside.
Go, its coming.
Eight days of the week were dead on our feet,
take me aside just shoot me.
No black and white, black and white,
wish we could drive right through you.
Tired of wishing things were different I can sympathise.
Lately things dont seem so easy theres no black and white.
Go, its coming.
Eight days of the week were dead on our feet,
take me aside just shoot me.
No black and white, black and white,
wish we could drive right through you