EXHIBIT 99.1

[PSYCHIATRIC SOLUTIONS, INC. LOGO]

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


                   PSYCHIATRIC SOLUTIONS ANNOUNCES PRICING OF
                            OFFERING OF COMMON STOCK


FRANKLIN, Tenn. (December 19, 2003) - Psychiatric Solutions, Inc. ("PSI")
(Nasdaq: PSYS) today announced a public offering of 6,000,000 shares of its
Common Stock at a price of $16.00 per share. Of the shares being offered, PSI is
offering 3,000,000 shares and certain existing stockholders of the Company are
offering 3,000,000 shares. The underwriters also have a 30-day 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 its 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 23 owned or leased freestanding psychiatric inpatient facilities
with more than 2,800 beds. The Company also manages freestanding psychiatric
inpatient facilities for government agencies and psychiatric inpatient units
within general acute care hospitals owned by others.

         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.

         A 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.




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