PHC Announces New Stock Buyback Program

PEABODY, Mass.--(Business Wire)--
PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE AMEX: PHC), a leading provider
of inpatient and outpatient behavioral health services, announced today that its
Board of Directors has authorized the buyback of up to 1 million shares of the
Company`s Class A common stock on the open market over the course of its next
fiscal year, which begins July 1, 2009. The current Stock Buyback program, under
which the Company has purchased approximately 400,000 shares, expires June 30,
2009.

"This latest authorization to repurchase shares on the open market reflects the
view that the Company is well positioned for growth in fiscal 2010 and beyond,"
said Bruce A Shear, Pioneer`s president and CEO. "We believe that strong demand
for our residential treatment services to adjudicated youth in the Detroit
metropolitan area through our Capstone Academy Facility and the anticipated CMS
Medicare certification at Seven Hills Behavioral Institute in Henderson, Nevada
positions us well for growth in the future."

About PHC d/b/a Pioneer Behavioral Health

PHC, Inc., d/b/a Pioneer Behavioral Health, is a national healthcare company
providing behavioral health services in five states, including substance abuse
treatment facilities in Utah and Virginia, and inpatient and outpatient
psychiatric facilities in Michigan, Pennsylvania, and Nevada. The company also
offers internet and telephonic-based referral services that includes employee
assistance programs and critical incident services. Contracted services with
government agencies, national insurance companies, and major transportation and
gaming companies cover more than one million individuals. Pioneer helps people
gain and maintain physical, spiritual and emotional health through delivering
the highest quality, most culturally responsive and compassionate behavioral
health care programs and services. For more information, visit www.phc-inc.com.

Statement under the Private Securities Litigation Reform Act of 1995

This press release may include "forward-looking statements" that are subject to
risks and uncertainties. Forward-looking statements include information about
possible or assumed future results of the operations or the performance of the
Company and its future plans and objectives. Various future events or factors
may cause the actual results to vary materially from those expressed in any
forward-looking statements made in this press release. For a discussion of these
factors and risks, see the company's annual report on Form 10-K for the most
recently ended fiscal year.

PHC, Inc.
Bruce A. Shear, 978-536-2777
President & CEO
or
Investor Relations:
CEOcast, Inc.
Dan Schustack, 212-732-4300

Copyright Business Wire 2009