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Psychiatric Solutions, Inc.

Psychiatric Solutions reports first quarter revenues increased 80%

Published in Mental Health Business Week, May 27th, 2006

Psychiatric Solutions, Inc. (PSYS) announced revenues for the first quarter ended March 31, 2006 increased 80% for the quarter to $242,477,000 from $134,618,000 for the first quarter of 2005.

Net income for the first quarter of 2006 was $12,192,000, or $0.23 per diluted share, including stock compensation expense of $0.07 per diluted share. Net income for the first quarter of 2005 was $3,328,000, or $0.08 per diluted share, including an after tax loss on refinancing of long-term debt of $0.10 per diluted share. Diluted shares used in computing per share amounts increased 27% for the first quarter of 2006 from the first quarter last year. All results in this release have...

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