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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