CORAL GABLES, Fla., Jan. 4 /PRNewswire/ -- Ramsay Health Care, Inc.
(Nasdaq: RHCI) announced today that it has changed its name effective January
1, 1999 to Ramsay Youth Services, Inc. The Company's stock will continue to
trade on the Nasdaq stock market under the new ticker symbol of "RYOU".
Commenting on the name change, Luis E. Lamela, President and Chief
Executive Officer of Ramsay Youth Services, Inc. stated, "Our new name
reflects our final transformation from a psychiatric hospital company to a
youth services company. We are excited about the future of our Company in the
dynamic and growing youth services industry."
Ramsay Health Care, Inc. is a provider and manager of specialized
education and treatment services for at-risk and troubled youth. The Company
through its youth care division operates and manages residential treatment
facilities, group homes and services contracts in 8 states and Puerto Rico.
Ramsay's educational division manages five Charter/Contract Schools serving
over 500 students in five counties throughout the State of Florida.
Except for historical information contained herein, the matters set forth
in this news release are forward-looking statements as defined under the safe
harbor provisions of the private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties.
Actual operations and results may differ materially from those expected in the
forward-looking statements made by the Company. Please refer to Ramsay's
filings with the Securities Exchange Commission for additional information.
SOURCE Ramsay Health Care, Inc.
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Related links:
http://www.ramsay.com
Company News On-Call:
http://www.prnewswire.com/comp/116733.html or fax,
800-758-5804, ext. 116733
CONTACT:
Isa Diaz, Vice President Corporate Relations,
Ramsay Youth Services, Inc., 305-569-4626
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