On June 30, 2003, Psychiatric Solutions, Inc. acquired Ramsay Youth Services, Inc. in a transaction valued at approximately US$78 million, consisting of US$58.1 million in cash for Ramsay’s common stock, and the assumption of Ramsay’s outstanding debt. Both companies are NASDAQ-listed.
Ramsay Youth Services is a leading provider and manager of mental health, substance abuse and behavioural health care services in the United States. Psychiatric Solutions is a provider of behavioural health care services in the United States. Psychiatric Solutions owns and operates 11 free-standing psychiatric facilities and manages 48 psychiatric units for thirds-party acute care hospitals in 14 U.S. states.
Waller Lansden Dortch & Davis represented Psychiatric Solutions with a team that included Christopher Howard, Jeffrey Clark, Matthew Burnstein and John Faldetta.
Torys LLP represented Ramsay Youth Services with a team that included Brad Cost, Geoff Gilbert, David Hellmuth, Martin Dunleavy (corporate) and Peter Keenan (tax).
Ramsay Youth Services is a leading provider and manager of mental health, substance abuse and behavioural health care services in the United States. Psychiatric Solutions is a provider of behavioural health care services in the United States. Psychiatric Solutions owns and operates 11 free-standing psychiatric facilities and manages 48 psychiatric units for thirds-party acute care hospitals in 14 U.S. states.
Waller Lansden Dortch & Davis represented Psychiatric Solutions with a team that included Christopher Howard, Jeffrey Clark, Matthew Burnstein and John Faldetta.
Torys LLP represented Ramsay Youth Services with a team that included Brad Cost, Geoff Gilbert, David Hellmuth, Martin Dunleavy (corporate) and Peter Keenan (tax).
