8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 29, 2003 (December 24, 2003)

Psychiatric Solutions, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	0-20488	23-2491707
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

113 Seaboard Lane, Suite C-100, Franklin, Tennessee 37067
(Address of Principal Executive Offices)

(615) 312-5700
(Registrant’s Telephone Number, including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

TABLE OF CONTENTS

Ex-99.1 Press Release

Item 5.    Other Events.

      On December 24, 2003, Psychiatric Solutions, Inc. (the “Company”) issued a press release announcing that it closed on the sale of 6,900,000 shares of its common stock at $16.00 per share. Of these shares, 900,000 were sold through the full exercise of the underwriters’ over-allotment option. The Company sold 3,271,538 shares in the offering and certain existing stockholders sold 3,628,462 shares in the offering. A copy of the related press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.

Item 7.    Financial Statements and Exhibits.

(a)	Financial statements of businesses acquired.
	None required.
(b)	Pro forma financial information.
	None required.
(c)	Exhibits
	99.1 Press Release of Psychiatric Solutions, Inc., dated December 24, 2003.

SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PSYCHIATRIC SOLUTIONS, INC.
	By:	/s/ Brent Turner Brent Turner Vice President, Treasurer and Investor Relations
Date: December 29, 2003

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press Release of Psychiatric Solutions, Inc., dated December 24, 2003.

EX-99.1 3 g86493exv99w1.htm EX-99.1 PRESS RELEASE

EXHIBIT 99.1

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

PSYCHIATRIC SOLUTIONS CLOSES ON SALE OF 6,900,000 SHARES OF COMMON STOCK

Underwriters exercise over-allotment option

FRANKLIN, Tenn. (December 24, 2003) — Psychiatric Solutions, Inc. (“PSI”) (Nasdaq: PSYS) today announced that it closed on the sale of 6,900,000 shares of common stock at $16.00 per share. Of these shares, 900,000 were sold through the full exercise of the underwriters’ over-allotment option. The Company sold 3,271,538 shares in the offering and received net proceeds of approximately $49.5 million. The Company intends to use the net proceeds for general corporate purposes, including acquisitions. Certain existing stockholders sold 3,628,462 shares in the offering. PSI will not receive any proceeds from the sale of common stock by the selling stockholders.

      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.

      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.

-END-

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EX-99.1

Ex-99.1 Press Release