Psychiatric solutions and Psychiatric Solutions: Difference between pages
No edit summary |
created revised page with correct entity name |
(No difference)
| |
Revision as of 07:56, 6 May 2010
| Company type | Public (Nasdaq: PSYS) |
|---|---|
| Industry | Health care |
| Founded | 1997 |
| Founder | Joey A. Jacobs |
| Headquarters | , |
Number of locations | 273 |
Area served | United States |
Key people | Joey Jacobs (CEO) |
| Revenue |  US$1.805 billion (2009) |
| US$273,430,000 (2009) | |
Number of employees | 23,000 |
| Website | http://www.psysolutions.com |
Psychiatric Solutions, Inc. is a NASDAQ traded company that owns psychiatric hospitals in 32 US States, Puerto Rico, and the US Virgin Islands. It is based in Franklin, Tennessee.
History
Joey Jacobs, a former executive of Hospital Corporation of America for over 20 years, founded Psychiatric Solutions, Inc. in 1997.
Controversy
PSI is currently under investigation by several law enforcement agencies and has had class action lawsuits filed against them on behalf of shareholders. PSI is the owner of facilities where patient deaths have occurred. PSI has a facility in Bradenton, Florida- namely Manatee Palms Youth Services that has been shut down twice in three years by the State of Florida for patients being physically and sexually assaulted by staff.
A detailed series of articles published by The Los Angeles Times in conjunction with ProPublica exposed many of the crimes of abuse and negligence at PSI facilities nationwide.
External Links
- [1] PSI Homepage
- [http://articles.latimes.com/2008/nov/23/local/me-psi23 Los Angeles Times and ProPublica news reports