Ramsay Youth Services, Inc. Announces First Quarter Results

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Ramsay Youth Services, Inc. Announces First Quarter Results

    CORAL GABLES, Fla., May 12 /PRNewswire/ -- Ramsay Youth Services, Inc.
(Nasdaq: RYOU) today announced results for the first quarter ended March 31,
2000.  The Company reported that net revenues for the quarter reached
$23,457,000 and net income totaled $160,000 or $.02 per share.
    Commenting on first quarter performance, Luis E. Lamela, President and CEO
of Ramsay Youth Services, Inc., noted, "Our results for the first quarter
reflect our steady growth in the youth services business.  We are very pleased
with the Company's performance and look forward to continue providing quality
education and treatment programs to youth."
    Ramsay Youth Services, Inc. is a leading quality provider and manager of
treatment, education and community-based programs for at-risk, troubled and
special needs youth.  The Company has operations in nine 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.
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.

    Table Follows.

                   RAMSAY YOUTH SERVICES, INC. AND SUBSIDIARIES
                                OPERATING RESULTS

                                         QUARTER ENDED MARCH 31,

                                      2000                       1999

    REVENUES               $ 23,457,000     100.0%   $ 18,894,000    100.0%

    Operating Expenses:
      Salaries, wages
       and benefits          14,687,000      62.6%     11,189,000     59.2%
      Other operating
       expenses               6,931,000      29.6%      6,164,000     32.6%
      Provision for
       doubtful accounts        581,000       2.5%        485,000      2.6%
      Depreciation and
       amortization             590,000       2.5%        572,000      3.0%

    TOTAL OPERATING
     EXPENSES                22,789,000      97.2%     18,410,000     97.4%

    Income from
     operations                 668,000       2.8%        484,000      2.6%

    Non-operating
     income (expenses):
      Investment and
       other income              28,000       0.1%      1,552,000      8.2%
      Interest and other
       financing charges      (494,000)     (2.1%)      (284,000)    (1.5%)
         Total
         non-operating
         income
         (expenses), net      (466,000)     (2.0%)      1,268,000      6.7%

    INCOME BEFORE
     INCOME TAXES               202,000       0.8%      1,752,000      9.3%

    Provision for
     income taxes                42,000       0.2%         47,000      0.2%

    NET INCOME                  160,000       0.6%      1,705,000      9.1%

    Income per common share:
       Basic                        .02                       .19
       Diluted                      .02                       .19

    Weighted average
     number of common
     shares outstanding:
       Basic                  8,895,000                 8,887,000
       Diluted                9,003,000                 8,887,000

SOURCE Ramsay Youth Services, Inc.

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