Psychiatric Solutions Announces Third Quarter 2010 Earnings of $0.94 per Share

Psychiatric Solutions, Inc. (NASDAQ: PSYS) today announced financial results for the third quarter ended September 30, 2010. Revenue increased 12.2% for the quarter to $508.5 million from $453.2 million for the third quarter of 2009.

Income from continuing operations attributable to PSI stockholders increased 89.7% to $53.7 million for the third quarter of 2010 from $28.3 million for the third quarter last year and 88.0% per diluted share to $0.94 from $0.50.

Results for the third quarter of 2010 included transaction costs of approximately $2.4 million, which were related to PSI's previously announced definitive agreement providing for the acquisition of PSI by Universal Health Services, Inc.