EXHIBIT 99.1

(PSI LOGO)

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

             PSYCHIATRIC SOLUTIONS ANNOUNCES FILING OF REGISTRATION
       STATEMENT FOR PUBLIC OFFERING OF 6,000,000 SHARES OF COMMON STOCK

FRANKLIN, Tenn. (November 3, 2003) - Psychiatric Solutions, Inc. ("PSI")
(Nasdaq: PSYS) today announced that it has filed a registration statement with
the Securities and Exchange Commission covering the public offering of 6,000,000
shares of its Common Stock. PSI is offering 3,000,000 shares and certain
existing stockholders of the Company are offering 3,000,000 shares. The
underwriters also have an option to purchase an additional 900,000 shares of
Common Stock from the Company and selling stockholders to cover over-allotments,
if any. Lehman Brothers is the sole book runner of the offering. Merrill Lynch,
Raymond James, SunTrust Robinson Humphrey, Avondale Partners, Stephens and
Harris Nesbitt are the co-managers of the offering.

         PSI intends to use the net proceeds from the offering for general
corporate purposes, including acquisitions. PSI will not receive any proceeds
from the sale of Common Stock by the selling stockholders.

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

         A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to the
time the registration statement becomes effective. This release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state of which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.

         When publicly circulated, a preliminary prospectus relating to these
securities may be obtained from Lehman Brothers Inc., Prospectus Department, c/o
ADP Financial Services, Integrated Distribution Services, 1155 Long Island
Avenue, Edgewood, New York, New York, 11717, telephone: (631) 254-7106, fax
(631) 254-7268.


                                      -END-