CORAL GABLES, Fla., May 22 /PRNewswire-FirstCall/ --
Ramsay Youth Services, Inc. (Nasdaq: RYOU) ("Ramsay") today announced that it
has set a record date of May 15, 2003 for a special meeting of shareholders to
be held on June 19, 2003 to vote on the previously announced transaction
whereby Psychiatric Solutions, Inc. (Nasdaq: PSYS) ("PSI") will acquire
Ramsay.
(Photo: http://www.newscom.com/cgi-bin/prnh/20020731/RYOULOGO )
The Company commenced mailing of proxy statements relating to the
transaction on May 21, 2003. The transaction, which is subject to customary
closing conditions, is expected to be completed by the end of June 2003.
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 eleven 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 Form 10K
for the year ended December 31, 2002.
SOURCE Ramsay Youth Services, Inc.
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Related links:
http://www.ramsay.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20020731/RYOULOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/116733.html
CONTACT:
Isa Diaz, Executive Vice President, Corporate
Relations, Ramsay Youth Services, Inc., +1-305-569-4626
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