Wednesday, August 06, 2003

Psychiatric Solutions, Inc - Rising Profits vs Rising Levels of Patient Abuse

Psychiatric Solutions, Inc. ("PSI") has announced financial results for the second quarter and six months ended June 30, 2003. Revenue increased 154% for the second quarter to $57,438,000 from $22,617,000 for the second quarter of 2002.

This is the same company that has run into extraordinary problems with abuse of young women in the Florida Institue for Girls, as seen in this earlier note on this site.

Stockholders may be pleased that the priorities are in the right place. Personally, I am disturbed.

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