Psychiatric Solutions, Inc. (PSYS) news stock charts
Psychiatric Solutions, Inc. (PSYS) Investment Summary:
We are a leading provider of inpatient behavioral health care services in the United States. Through our inpatient division, we operate 34 owned or leased inpatient behavioral health care facilities with approximately 4,000 beds in 19 states. In addition, through our inpatient management contract division, we manage 41 inpatient behavioral health care units for third parties, including a contract to provide mental health case management services to approximately 4,600 children and adults with serious mental illness in the Nashville, Tennessee area, and 8 inpatient behavioral health care facilities for government agencies. We believe that our singular focus on the provision of inpatient behavioral health care services allows us to operate more efficiently and provide higher quality care than our competitors. We primarily operate in underserved markets with limited competition and favorable demographic trends. We generated revenue of $487.2 million and $284. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2005%2f03%2f15%2f0000950144-05-002497.html#FIS_BUSINESS"PSYCHIATRIC SOLUTIONS INC (PSYS:NASDAQ)
Snapshot of PSYCHIATRIC SOLUTIONS INC (PSYS)
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OPEN
$29.95
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PREVIOUS CLOSE
$29.78
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DAY HIGH
$29.95
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DAY LOW
$29.55
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52 WEEK HIGH
09/16/09 - $30.14
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52 WEEK LOW
04/24/09 - $13.03
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MARKET CAP
1.7B
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AVERAGE VOLUME 10 D
3.7M
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EPS TTM
$2.16
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SHARES OUTSTANDING
56.3M
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EX-DATE
05/28/02
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P/E TTM
13.7x
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
related news
Key developments for PSYCHIATRIC SOLUTIONS INC (PSYS)
Psychiatric Solutions Inc. said it has engaged Goldman Sachs Group Inc. as its financial adviser after being approached by third parties about a potential acquisition of the company. The Wall Street Journal previously reported that Bain Capital LLC was in talks to acquire the company, with Psychiatric Solutions seeking a 25% premium. Any deal would include the assumption of $1.2 billion of debt, the newspaper reported. Bain could not be immediately reached for comment, Reuters reported. Other private equity companies were also previously interested in acquiring Psychiatric Solutions, the newspaper said. CCMP Capital Advisors LLC and Kohlberg Kravis Roberts & Co. looked at the business but eventually passed, while The Blackstone Group considered merging the company into Vanguard Health Systems Inc., according to the Journal. Psychiatric Solutions said that it had formed a special committee of the board of directors to evaluate a deal. It cautioned that there was no assurance that any acquisition of the company would occur.
Psychiatric Solutions, Inc. (PSI) announced that it has been approached by third parties in connection with a potential acquisition of PSI. In order to consider possible responses, PSI has formed a special committee of the Board of Directors, which has retained Goldman, Sachs & Co. and Shearman & Sterling LLP as its financial and legal advisors, respectively. There can be no assurance that any transaction for a purchase of PSI will take place. PSI does not expect to make further public comments regarding these matters unless and until it enters into a definitive agreement with respect to a transaction or determines that none will be pursued.
Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by certain officers and directors at Psychiatric Solutions, Inc. Robbins Umeda LLP's investigation concerns whether the Company's directors and officers caused the Company to make material misstatements as well as fail to maintain adequate safeguards and controls over Psychiatric Solutions' operations, including at its Riveredge Hospital facility. Specifically, the Company failed to properly account for its contingent liabilities related to the deficiencies surrounding its operations. These alleged material misstatements and omissions may have caused Psychiatric Solutions' stock to trade at artificially inflated prices. A lawsuit alleging violations of the Securities Exchange Act of 1934 has been filed on behalf of shareholders who purchased or otherwise acquired Psychiatric Solutions stock between February 21, 2008 and February 25, 2009, seeking recovery from Psychiatric Solutions and certain of its officers for the damages they have suffered as a result of the officers' mismanagement of the Company. Securities class actions like this can potentially cause additional damage to the company.
Psychiatric Solutions, Inc. financial resources
PSYS Competitors
| Company | Last | Change |
| Providence Service Corp/The | $14.09 USD | -0.27 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | PSYS | Industry Range |
| Price/Earnings | 13.8x |
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| Price/Sales | 0.9x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | 10.2x |
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| TEV/Sales | 0.3x |
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PSYS |
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PSYS transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Psychiatric Solutions, Inc.
Psychiatric Solutions shares rise on buyout report
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CORRECTED - US SMALL/MIDCAPS-Midcaps eye best run in almost 13 years
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Psychiatric Solutions, Inc. Announces Approach from Third Parties Regarding Potential Sale
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Psychiatric Solutions shares rise on buyout report
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Psych Solutions Pops On Buyout Chatter
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UPDATE - Psychiatric Solutions weighs sale of company
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Psychiatric Solutions Rises on Buyout Talk
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[$$] Psychiatric Solutions in Talks with Bain Capital
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PSYCHIATRIC SOLUTIONS INC Files SEC form 8-K, Other Events
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Psychiatric Solutions to Present at the Raymond James 31st Annual Institutional Investors Conference
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Psychiatric Solutions, Inc. Earnings Call scheduled for 10:00 am ET today
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Psychiatric Solutions to Present at the Raymond James 31st Annual Institutional Investors Conference
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Robbins Umeda LLP Announces Investigation of Psychiatric Solutions, Inc.
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Psychiatric Solutions to Present at the RBC Capital Markets Healthcare Conference
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Robbins Umeda LLP Announces Investigation of Psychiatric Solutions, Inc.
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Psychiatric Solutions to Present at the RBC Capital Markets Healthcare Conference
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Psychiatric Solutions Earnings Increase 23.3% to $0.53 per Diluted Share for Fourth Quarter 2009 on 6.1% Growth in Same-Facility Revenue
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Psychiatric Solutions 4Q profit grow 15 percent
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Psychiatric Solutions 4Q profit grow 15 percent
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