CORAL GABLES, Fla., Dec. 10 /PRNewswire/ -- Ramsay Health Care, Inc.
(Nasdaq: RHCI) announced today that its education subsidiary, Ramsay
Educational Services has acquired The Rader Group, an educational company,
managing four contract/charter schools that serve over 500 students annually
in four counties throughout the State of Florida.
Commenting on the acquisition, Luis E. Lamela, Chief Executive Officer of
Ramsay Health Care, Inc. stated, "We are delighted to welcome Dr. Rader and
his staff to our organization. The Rader Group brings extensive experience in
establishing and developing educational programs for youth with special needs
and for those at-risk of dropping out of school. They also have a proven track
record in working successfully with at-risk and troubled youth."
Dr. Bill Rader, President of the Rader Group, said, "I am excited about
joining a larger organization, such as Ramsay, that is committed to providing
quality programs. We feel that this relationship will allow us to continue to
grow and expand our education services and will help us reach the many special
needs and at-risk youth that need our programs."
Ramsay Health Care, Inc. is a provider and manager of specialized
education and treatment services for at-risk and troubled youth. The Company
through its youth care division operates and manages residential treatment
facilities, group homes and services contracts in 8 states and Puerto Rico.
Ramsay's educational division manages five Charter/Contract Schools serving
over 500 students in five counties throughout the State of Florida.
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 Exchange Commission for additional information.
SOURCE Ramsay Health Care, Inc.
 back to top
Related links:
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 Health Care, Inc., 305-569-4626
|
