May 17, 2010

Psychiatry is Big Business

Is psychiatry a big for profit business or a means of healing humans? Does incarceration make for bigger profits and loss of freedom?

http://www.forbes.com/2010/05/17/universal-health-services-to-acquire-psychiatric-solutions-marketnewsvideo.html

Universal Health Services to Acquire
Psychiatric Solutions MarketNewsVideo.com , 05.17.10, 05:00 PM EDT

Hospital operator Universal Health Services (UHS) said Monday it has reached a definitive agreement with Psychiatric Solutions (PSYS) to acquire the inpatient psychiatric facility operator for a total value of about $3. 1 billion.


Psychiatric Solutions is "the largest operator of owned or leased freestanding psychiatric inpatient facilities with approximately 11,000 beds in 32 states, Puerto Rico and the U.S. Virgin Islands."

http://www.psysolutions.com/

Howard Smith brings a lawsuit against this corporation based on the value of the stock.

http://www.howardsmithlaw.com/TakeoverCases/PsychiatricSolutions.html

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