CORAL GABLES, Fla., March 5 /PRNewswire-FirstCall/ --
Ramsay Youth Services, Inc. (Nasdaq: RYOU) announced today the opening of the
Adolescent Substance Abuse Program (ASAP), a 40-bed moderate risk substance
abuse residential treatment program for boys located in Fort Walton Beach,
Florida. Ramsay will operate the Adolescent Substance Abuse Program (ASAP)
under contract with the Florida Department of Juvenile Justice. The contract
has a term of 3 years with a renewal provision for another 3 years. This
program is expected to generate $1.6 million in annual revenues.
Luis E. Lamela, President and CEO of Ramsay Youth Services, Inc. stated,
"The primary objective of this program is to provide treatment strategies and
interventions which enable youth to stop their substance abuse and drug
dependency. The program will also focus on increasing the youth's competency
in areas such as academics, employability, decision making, impulse control,
conflict resolution and leadership."
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, +1-305-569-4626
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