Psychiatric Solutions Completes $70 Million Sale of EAP Business to Aetna

FRANKLIN, Tenn.--(Business Wire)--
Psychiatric Solutions, Inc. ("PSI") (NASDAQ: PSYS) today announced that it has
completed the sale of its employee assistance program ("EAP") business to Aetna
for approximately $70 million in cash. PSI intends to use the net proceeds from
the sale to reduce its debt.

"Through this transaction, we have incrementally streamlined our operations and
enhanced our focus on our core services of inpatient behavioral health," said
Joey Jacobs, Chairman, President and Chief Executive Officer of PSI. "In
applying the net proceeds from the sale to reduce our debt, we have also
strengthened our ability to continue implementing our long-term strategies for
organic growth and acquisition."

PSI offers an extensive continuum of behavioral health programs to critically
ill children, adolescents and adults and is the largest operator of owned or
leased freestanding psychiatric inpatient facilities with over 11,000 beds in 32
states, Puerto Rico and the U.S. Virgin Islands. PSI also manages freestanding
psychiatric inpatient facilities for government agencies and psychiatric
inpatient units within medical/surgical hospitals owned by others.

Psychiatric Solutions, Inc.
Brent Turner, 615-312-5700
Executive Vice President,
Finance and Administration

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