The International Regulatory Affairs Network
09.03.2010
PHC Says New Adolescent Units at Seven Hills Behavioral Institute To Add EPS of 3 Cents Per Share in CEOcast.com Interview
CEOcast.com., a financial portal providing coverage of emerging growth companies, announced today that it conducted an online interview with Bruce A. Shear, president and CEO of PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE Amex: PHC), , a leading provider of inpatient and outpatient behavioral health services. In the interview, Mr. Shear discussed the company's recent decision to open a ten-bed adolescent unit at its Seven Hills Behavioral Institute (SHBI) in Henderson, Nevada. The Hospital provides psychiatric, alcohol and drug addiction treatment for adolescents and adults. Mr. Shear noted that he expects the new Unit to generate $2 million in annual revenue and strong operating margins, which are expected to generate an incremental 3 cents per share in annual earnings. For the first six months of its fiscal year ended December 31, 2009, PHC earned 3 cents per share.
CEOcast.com., a financial portal providing coverage of emerging growth companies, announced today that it conducted an online interview with Bruce A. Shear, president and CEO of PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE Amex: PHC), , a leading provider of inpatient and outpatient behavioral health services. In the interview, Mr. Shear discussed the company's recent decision to open a ten-bed adolescent unit at its Seven Hills Behavioral Institute (SHBI) in Henderson, Nevada. The Hospital provides psychiatric, alcohol and drug addiction treatment for adolescents and adults. Mr. Shear noted that he expects the new Unit to generate $2 million in annual revenue and strong operating margins, which are expected to generate an incremental 3 cents per share in annual earnings. For the first six months of its fiscal year ended December 31, 2009, PHC earned 3 cents per share.
"The opening of this new Unit will significantly increase PHC's overall profitability," said Mr. Shear in the interview. "With a high level of fixed costs at our hospitals, new units such as adolescent care operation produce strong margins and profitability. We will continue to look for such opportunities at our other locations."
The entire interview is available at www.ceocast.com.
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 PHC 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 PHC's annual report on Form 10-K for the most recently ended fiscal year.
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