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Management Newsletter Article | March 1, 2000

PsychPartners Files for Chapter 11 Bankruptcy Protection

By Market Intelligence Team

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News PsychPartners, an outpatient behavioral health company with headquarters in Birmingham, Alabama, has filed for bankruptcy. The company is seeking protection from creditors under Chapter 11 of the federal bankruptcy laws. The filing was effective January 31, 2000. PsychPartners was founded in October 1995, and its business strategy was to organize behavioral health care practices and related behavioral health care businesses into larger regional networks that would enter into a full range of contractual relationships with HMOs, insurance companies, and managed care companies. Since its inception, PsychPartners had grown . . .

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