CORAL GABLES, Fla., Sept. 30 /PRNewswire/ -- Ramsay Health Care, Inc.
(Nasdaq: RHCI) and Atlanta, Georgia-based Charter Behavioral Health Systems,
LLC, announced today that they have completed a transaction under which
Charter Behavioral Health Systems acquired four of Ramsay Health Care, Inc.'s
psychiatric hospitals and Ramsay's contract management business.
    As a result of the transaction, the following Ramsay psychiatric hospitals
are now Charter-operated facilities:  Bayou Oaks in Houma, Louisiana; Coastal
Carolina in Conway, South Carolina; The Haven in DeSoto, Texas; and Desert
Vista in Mesa, Arizona.  In addition, through this transaction Charter has
acquired Ramsay's contract management business which manages the delivery of
behavioral health care programs on behalf of acute care hospitals and
community mental health centers.
    Luis E. Lamela, Chief Executive Officer of Ramsay Health Care, Inc., said,
"We are very pleased with the successful completion of the Charter
transaction.  This transaction further solidifies our commitment to our debt
reduction strategy and our focus on the youth services industry."
    Vernon S. Westrich, Chief Operating Officer of Charter Behavioral Health
Systems, LLC, said, "Charter is pleased to add facilities and expand contract
management services through attractive pricing in key strategic markets.  We
are delighted to welcome these facilities and staff to our network."
    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.
    Ramsay Health Care, Inc. is a provider and manager of specialized programs
and services for at-risk and troubled youth.  The Company through its
subsidiary, Ramsay Youth Services, Inc., operates residential treatment
centers, group homes and other specialized treatment and educational youth
programs in 9 states and Puerto Rico.
    Charter Behavioral Health Systems, LLC, is the nation's leading provider
of behavioral and addiction treatment programs.  The Company's 88 domestic
facilities provide a full continuum of care, including inpatient, outpatient
and partial hospitalization programs.  The company is owned equally by
Magellan Health Services, Inc. (NYSE: MGL) and Crescent Operating, Inc.
(Nasdaq: COPI).

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