OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News American Psych Systems (APS), a privately-held managed behavioral health care company, has acquired Principal Behavioral Health Care (PBHC), a subsidiary of Principal Health Care, Inc., for an undisclosed amount. PBHC serves more than two million people through capitated, administrative service only, and employee assistance contracts. The combined 1997 revenue for the merged company will be $45 million. APS plans to integrate the management of the two companies and will relocate its corporate office to PBHC's headquarters in . . .
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