Community Psychiatric Centers Spins Off Business

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News Community Psychiatric Centers (CPC) announced on December 20, 1995, that its board of directors had preliminarily approved a plan to spin-off its domestic psychiatric business to its shareholders. As a result of the plan, the company will be split into two independent publicly-held corporations: the U.S. Psych Division, which will be renamed, will provide behavioral health services in the U.S. and Puerto Rico; and renamed company ("CPC"), which will operate the remaining assets including Transitional Hospitals Corporation ("THC") – a network of long-term critical . . .