For Immediate Release | Return Home | News Psychiatric Solutions Celebrates 10th Anniversary of its Founding NASHVILLE, TN (April 11, 2007) -- Salix Ventures today recognized its portfolio company Psychiatric Solutions, Inc. (NASDAQ:PSYS) on the 10th anniversary of its founding on April 11, 1997. At a dinner attended by PSI's board of directors, executive management team, and founding investors, CEO Joey Jacobs was honored for his accomplishments. Chris Grant of Salix, a founding investor and original board member of PSI commented: "In ten years, PSI has grown to a company with revenue in excess of $1 billion and a market cap over $2 billion. We are very proud to be associated with Joey Jacobs and PSI. PSI has been one of the most successful venture-stage health care services investment of all time. A $100 investment in the company on January 1, 2002 is worth over $7,000 today. PSI's success has been driven by the care provided by its employees, who provide their patients the highest quality of care with skill and compassion. Thank you Joey and PSI." About Psychiatric Solutions PSI offers an extensive continuum of behavioral health programs to critically ill children, adolescents and adults through its operation of 75 owned or leased freestanding psychiatric inpatient facilities with more than 8,000 beds in 29 states, Puerto Rico and the U.S. Virgin Islands. PSI also manages freestanding psychiatric inpatient facilities for government agencies and psychiatric inpatient units within medical/surgical hospitals owned by others. About Salix Ventures Salix Ventures manages two venture capital partnerships with approximately $180 million in capital commitments from limited partners. Salix invests primarily in early-stage healthcare services and healthcare information technology companies. With offices in Andover, Nashville and San Francisco, Salix Ventures assists companies across the country through all stages of development. Return to News & Events | Return Home