- published: 05 Oct 2010
- views: 91
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.
"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. "
(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)
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...
Catasys, Inc. (OTCQB: CATS) provides big data based analytics and predictive modeling driven behavioral healthcare services to health plans and their members through its OnTrak solution. Catasys' OnTrak solution--contracted with a growing number of national and regional health plans--is designed to improve member health and, at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The solution utilizes proprietary analytics and proprietary enrollment, engagement and behavioral modification capabilities to assist members who otherwise do not seek care through a patient-centric treatment that integrates evidence-based medical and psychosocial interventions along with care coaching in a 52-w...
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.
Ritvik Singh, Co-founder and CEO of PsyInnovations, discusses the problems faced by India’s population in accessing mental health care and the role in which his newest app, wayForward, is working to overcome these challenges. WATCH MORE NOW EPISODES: https://www.startuphealth.com/marketing/videos/now GUEST: Ritvik Singh, PsyInnovations HOST: Unity Stoakes, StartUp Health LOCATION: StartUp Health Living Room, StartUp Health Village, New York, NY IN THIS EPISODE: Cognitive Behavioral Therapy: A Proven Therapy for Mental Health The Leapfrog Effect of Healthcare Innovation in India The wayForward App Show Notes and Key Takeaways (Access the full transcript here: https://medium.com/p/825041556f12)
Bergen County New Jersey Community Health Project (CHIP) that illustrates how individuals, law enforcement, and mental health professionals work together during a mental health crisis. A valuable teaching aid - for individuals, families, communities, law enforcement officials - to recognize and manage the signs and symptoms of mental illness. Features Amie Doyno of CarePlus in Paramus, and PESP (Psychiatric Emergency Screening Program) at Bergen Regional Medical Center.
Till the 80s, in Greece, thousands of people with mental health problems were confined to large psychiatric institutions. Nowadays, thanks to the efforts of the mental health professionals and EU funding, community-based structures were created in order to ensure accommodation, support and human living conditions to thousands of former inpatients. Although efforts have been made of the last twenty years, problems regarding the funding of community-based structures, over the past five years, lead psychiatric reform to a dead end and the people with mental health problems are in danger of being transferred back to psychiatric institutions. Considering tha above situation we created the http://psi-action.blogspot.com/ in order to: - inform citizens about a) the tragic living conditions ...
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Françoise is director of Compassion Fatigue Solutions inc., whose aim is to offer consulting and training to helpers on topics related to self care, wellness, burnout and compassion fatigue. She is a Certified Mental Health Counsellor and a Compassion Fatigue specialist. Her experience stems from 18+ years in the field, working in a variety of settings such as crisis counselling in a community mental health clinic and hospital ER, providing psychological counselling to the military, police and correctional staff and working in the domestic violence field.
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