EXHIBIT 99.2


[PSYCHIATRIC SOLUTIONS LOGO]


CONTACT:
Brent Turner
Vice President, Treasurer and
Investor Relations
(615) 312-5700


               PSYCHIATRIC SOLUTIONS COMPLETES PRIVATE OFFERING OF
                    $150 MILLION OF SENIOR SUBORDINATED NOTES

                                 -------------

   RECEIVES SECOND HALF OF NET PROCEEDS FROM PREVIOUSLY ANNOUNCED $25 MILLION
   CONVERTIBLE PREFERRED STOCK PLACEMENT AND EXPANDS REVOLVING CREDIT FACILITY

FRANKLIN, Tenn. (June 30, 2003) - Psychiatric Solutions, Inc. ("PSI") (Nasdaq:
PSYS) today announced that it has completed a private offering of $150 million
of senior subordinated notes. The net proceeds of the offering will be used
primarily to finance the acquisition of Ramsay Youth Services, Inc. (Nasdaq:
RYOU), to refinance a substantial portion of PSI's debt and to repay all of the
debt of Ramsay Youth Services. In connection with the offering, PSI amended and
restated its senior credit facility with CapitalSource Finance LLC. The amended
and restated credit facility is comprised of a $50.0 million senior secured
revolver, which was expanded from $28 million, and a $17.0 million senior
secured note.

         The Company also reported that it has received the second half of the
net proceeds from the $25 million private placement of convertible preferred
stock that was announced earlier this year.

         Psychiatric Solutions, Inc. offers an extensive continuum of behavioral
health programs to critically ill children, adolescents and adults through its
ownership and operation of freestanding psychiatric inpatient facilities and its
management of psychiatric units within general acute care hospitals owned by
others. PSI currently operates 22 owned or leased freestanding facilities with
more than 2,700 inpatient beds, manages 10 freestanding facilities for
government agencies and manages 48 psychiatric units for others.


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