CORAL GABLES, Fla., Feb. 25 /PRNewswire-FirstCall/ --
Ramsay Youth Services, Inc. (Nasdaq: RYOU) announced today the opening of the
Milton Girls Juvenile Residential Facility, a 60-bed moderate risk residential
treatment program serving female juvenile offenders ages 13 to 18 requiring
intensive mental health services. Ramsay will operate the Milton Girls
Juvenile Residential Facility under contract with the Florida Department of
Juvenile Justice. The contract has a term of 3 years with a renewal provision
for another 2 years. This program is expected to generate $2.7 million in
annual revenues.
Commenting on the opening of the new girls facility, Luis E. Lamela,
President and CEO of Ramsay Youth Services, Inc., said, "We are very pleased
to be working with the Florida Department of Juvenile Justice on this gender
specific-program for girls. As an organization committed to serving the
special needs of female juvenile offenders, we are excited to provide a
quality program that will enable each girl to receive the treatment, academic,
vocational and life skills they need to be productive in society."
Ramsay Youth Services, Inc. is a leading provider and manager of mental
health, substance abuse and behavioral health programs and services in
residential and non-residential settings in ten states and the Commonwealth of
Puerto Rico.
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.
The 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 and Exchange Commission for additional
information, specifically the Risk Factors section in the Company's 10K form
for the year ended December 31, 2000.
SOURCE Ramsay Youth Services, Inc.
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Related links:
http://www.ramsay.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/116733.html
CONTACT:
Isa Diaz, Vice President Corporate Relations
of Ramsay Youth Services, Inc., +1-305-569-4626
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