Monday, Psychiatric Solutions Inc. (PSYS) completed the sale of its employee assistance program business to Aetna for approximately $70 million in cash. PSI intends to use the net proceeds from the sale to reduce its debt.
Psychiatric Solutions Inc. provides inpatient behavioral health care services in the United States. The company offers its services for children, adolescents, and adults through acute inpatient behavioral health care facilities and residential treatment centers.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.