PHC opens ten-bed adolescent unit at SHBI in Nevada

PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE Amex: PHC), “Pioneer” or (the “Company”), a leading provider of inpatient and outpatient behavioral health services, announced today that it opened 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. The new Unit is expected to generate $2 million in annual revenue and make SHBI profitable.

“We are excited to open this new unit at SHBI, as there is a significant need to provide treatment services to adolescents with alcohol and drug problems”

“We are excited to open this new unit at SHBI, as there is a significant need to provide treatment services to adolescents with alcohol and drug problems,” said Bruce A. Shear, Pioneer's president and CEO. “We are already treating in excess of ten patients per day at other hospitals through our current contracts and will no longer need to buy as many beds from other providers. Most importantly, it will make SHBI profitable even before receiving CMS certification, and will allow us to continue to serve our customers in the manner they have come to expect.”