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"www.psysolutions.com
16,000 Employees
Founded in 1988
PSYCHIATRIC SOLUTIONS INC (PSYS:NASDAQ)
LAST $29.56 USD
CHANGE TODAY -0.22 -0.74%
VOLUME 1.6M
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
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
PSYS: Downgrade - JAGNote by Wells Fargo Securities, LLC
JAG Media - 03/16/2010 8:46 AM ET
Key developments for PSYCHIATRIC SOLUTIONS INC (PSYS)
Bain Reportedly Eying Psychiatric Solutions
03/11/2010
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.
PSI Announces Approach From Third Parties Regarding Potential Sale
03/10/2010
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 Announces Investigation of Psychiatric Solutions
03/2/2010
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
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| No transactions in the last 6 months. | ||
More Recent Financial News About Psychiatric Solutions, Inc.
Psychiatric Solutions shares rise on buyout report
2010-03-15 05:44:02
Quote: NEW YORK (AP) -- Shares of Psychiatric Solutions Inc. surged Wednesday after media reports said the mental health hospital operator may be bought out by private-equity firm Bain Capital.The company confirmed that it has been approached by "third parties" about a buyout, following a Wall Street Journal report naming Bain Capital as the interested party. That report, which cited unnamed sources, said the company was seeking a 25 percent premium to its stock, which closed at $23.91 Tuesday.Bain Cap...Read article
CORRECTED - US SMALL/MIDCAPS-Midcaps eye best run in almost 13 years
2010-03-11 05:31:25
Keywords: United States of America,Equities,Healthcare facilities,Commercial services and supplies (industry group),Industrial machinery,Machinery,Pharmaceuticals (sub-industry),Apparel retail,Retailing,Airlines,Air transport,Medical equipment - supplies and distri
Quote: CORRECTED - US SMALL/MIDCAPS-Midcaps eye best run in almost 13 years
(In 2nd paragraph, corrects year in which winning streak
began) * Mid caps eye best winning streak in 13 yrs * Bain in talks to buy Psychiatric Solutions - report * American Eagle Outfitters earns beat street * S&P MidCap 400 up 0.7 pct, S&P SmallCap 600 up 0.6 pct By Edward Krudy NEW YORK, March 10 (Reuters) - Mid- and small-cap stocks
rose on Monday, with mid-sized companies on track to close out
their best winning st...Read article
Psychiatric Solutions, Inc. Announces Approach from Third Parties Regarding Potential Sale
2010-03-11 05:31:25
Quote: PSI does not expect to make further public commentsregarding these matters unless and until it enters into a definitiveagreement with respect to a transaction or determines that none will bepursued.About Psychiatric Solutions, Inc.PSI offers an extensive continuum of behavioral health programs tocritically ill children, adolescents and adults and is the largestoperator of owned or leased freestanding psychiatric inpatientfacilities with over 11,000 beds in 32 states, Puerto Rico and the U.S.Virg...Read article
Psychiatric Solutions shares rise on buyout report
2010-03-11 05:31:24
Quote: NEW YORK (AP) -- Shares of Psychiatric Solutions Inc. surged Wednesday after media reports said the mental health hospital operator may be bought out by private-equity firm Bain Capital.The company confirmed that it has been approached by "third parties" about a buyout, following a Wall Street Journal report naming Bain Capital as the interested party. That report, which cited unnamed sources, said the company was seeking a 25 percent premium to its stock, which closed at $23.91 Tuesday.Bain Cap...Read article
Psych Solutions Pops On Buyout Chatter
2010-03-11 05:31:24
Keywords: U.S. Markets, U.S. Equities, Mergers & Acquisitions, Health Care
Quote: As busybodies spread rumors of a potential buyout deal with Boston-based Bain on Wednesday, shares of Psychiatric Solutions surged $5.09, to $29.According to RBC Capital Markets analyst Frank Morgan, a buyout transaction would likely carry a price tag between $2.7 billion and $3 billion, or $28 to $30 per share, and would include the assumption of $1.2 billion in debt."I don't know if the rumors are true," Morgan tells Forbes, "but it would certainly make sense.""Psych Solutions is now admitting...Read article
UPDATE - Psychiatric Solutions weighs sale of company
2010-03-11 05:31:24
Keywords: Mergers and Acquisitions (including Changes of Ownership),Pharmaceuticals (sub-industry),Private equity funds,Healthcare facilities,Commercial services and supplies (industry group),Industrial machinery,Machinery,United States of America,Business activiti
Quote: UPDATE 2-Psychiatric Solutions weighs sale of company
* Psychiatric Solutions hires Goldman as adviser * Forms special committee to weigh sale * Stock closed at $29, up 21 percent(Adds details in paragraphs 3,5-6,8) PHILADELPHIA, March 10 (Reuters) - Mental health facilities
operator Psychiatric Solutions Inc (PSYS.O) said it hired
Goldman Sachs as its financial adviser after being approached
by third parties about a possible acquisition of the company. The Wall Street Journal previously report...Read article
Psychiatric Solutions Rises on Buyout Talk
2010-03-11 05:31:23
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, TheStreet Staff ,Health Care
Quote: (TheStreet) -- Psychiatric Solutions (PSYS) shares closed more than 21% higher after the company confirmed it had been approached about being acquired.Wall Street Journal reported the company, which operates mental health hospitals and clinics, was in talks to be acquired by private-equity firm Bain Capital.Journal story was published, Psychiatric Solutions confirmed Wednesday it was approached by third parties in connection with a "potential acquisition." The company said it formed a special c...Read article
[$$] Psychiatric Solutions in Talks with Bain Capital
2010-03-11 05:31:23
Quote: BY JEFFREY MCCRACKEN AND PETER LATTMANPsychiatric Solutions Inc., a for-profit operator of mental-health hospitals and clinics, is in talks to be acquired by private-equity firm Bain Capital, according to several people familiar with the matter. Psychiatric Solutions has a market capitalization around $1.35 billion. An exact takeover price couldn't be determined Wednesday, but the firm was seeking around a 25% premium to its current market price, said people familiar with the matter. Any deal w...Read article
PSYCHIATRIC SOLUTIONS INC Files SEC form 8-K, Other Events
2010-03-11 05:31:23
Quote: PSYCHIATRIC SOLUTIONS INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
PSYCHIATRIC SOLUTIONS INC
10-Mar-2010Other EventsPrivacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
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Neither Yahoo! nor any of
independent providers is liable for any informational
errors, incompleteness,
or...Read article
Psychiatric Solutions to Present at the Raymond James 31st Annual Institutional Investors Conference
2010-03-08 04:15:04
Quote: Read article
Psychiatric Solutions, Inc. Earnings Call scheduled for 10:00 am ET today
2010-03-04 08:02:51
Quote: Call DetailsPsychiatric Solutions, Inc. Earnings Conference Call (Q4 2009)Wed,
Feb 24, 2010, 10:00 am EasternAbout Psychiatric Solutions, Inc.PSYS)Psychiatric Solutions, Inc. provides inpatient behavioral health care services in the United States. The company offers its services for children, adolescents, and adults through acute inpatient behavioral health care facilities and residential treatment centers. Its services include 24-hour nursing observation and care, daily interventions and oversi...Read article
Psychiatric Solutions to Present at the Raymond James 31st Annual Institutional Investors Conference
2010-03-04 08:02:50
Quote: Read article
Robbins Umeda LLP Announces Investigation of Psychiatric Solutions, Inc.
2010-03-04 08:02:50
Quote: Psychiatric Solutions provides inpatientbehavioral healthcare services in the United States. Its servicesinclude nursing observation and care, daily interventions and oversightby a psychiatrist, and coordinated treatment by a physician-led team ofmental health professionals. The Company was founded in 1988 and isheadquartered in Franklin, Tennessee.Robbins Umeda LLP's investigation concerns whether the Company'sdirectors and officers caused the Company to make materialmisstatements, as well as f...Read article
Psychiatric Solutions to Present at the RBC Capital Markets Healthcare Conference
2010-03-04 08:02:50
Quote: Read article
Robbins Umeda LLP Announces Investigation of Psychiatric Solutions, Inc.
2010-03-03 01:19:29
Quote: Psychiatric Solutions provides inpatientbehavioral healthcare services in the United States. Its servicesinclude nursing observation and care, daily interventions and oversightby a psychiatrist, and coordinated treatment by a physician-led team ofmental health professionals. The Company was founded in 1988 and isheadquartered in Franklin, Tennessee.Robbins Umeda LLP's investigation concerns whether the Company'sdirectors and officers caused the Company to make materialmisstatements, as well as f...Read article
Psychiatric Solutions to Present at the RBC Capital Markets Healthcare Conference
2010-03-01 07:25:50
Quote: Read article
Psychiatric Solutions Earnings Increase 23.3% to $0.53 per Diluted Share for Fourth Quarter 2009 on 6.1% Growth in Same-Facility Revenue
2010-02-26 04:41:55
Quote: Read article
Psychiatric Solutions 4Q profit grow 15 percent
2010-02-26 04:41:54
Quote: (AP) -- Psychiatric Solutions Inc., which operates behavioral hospitals, said Tuesday its profit increased 15 percent in the fourth quarter due to strong admissions growth at its older facilities.The company said its profit grew to $27.7 million, or 49 cents per share, from $24 million, or 43 cents per share, a year ago. Revenue rose 8 percent to $463 million from $428.4 million.According to Thomson Reuters, analysts were expecting a larger profit of 52 cents per share and $464.4 million in reve...Read article
Psychiatric Solutions 4Q profit grow 15 percent
2010-02-25 05:37:01
Quote: (AP) -- Psychiatric Solutions Inc., which operates behavioral hospitals, said Tuesday its profit increased 15 percent in the fourth quarter due to strong admissions growth at its older facilities.The company said its profit grew to $27.7 million, or 49 cents per share, from $24 million, or 43 cents per share, a year ago. Revenue rose 8 percent to $463 million from $428.4 million.According to Thomson Reuters, analysts were expecting a larger profit of 52 cents per share and $464.4 million in reve...Read article
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