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BUSINESS
July 24, 1997
Youth Services International said yesterday that it will sell its behavioral health business for $21.7 million in cash to Youth and Family Centered Services Inc. of Austin, Texas.YSI, which projects to have $80 million in revenue from its remaining business this year, expects to record a pre-tax gain of about $6 million on the sale.In March, Owings Mills-based YSI announced its intention to sell its nine behavioral health companies, which it valued at $9.7 million, and took a $27 million restructuring charge.
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BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 10, 2014
The former CEO of Baltimore Behavioral Health Inc. was ordered to pay $60,750 for failing to deposit workers' contributions in the organization's retirement plan, the Department of Labor announced Thursday. BBH, a non profit drug treatment and mental health clinic on West Pratt Street, filed for Chapter 11 bankruptcy in December 2012. The clinic was found in a 2010 Baltimore Sun investigation to have unusually high Medicaid billings and steep salaries among family members who previously operated the center.
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BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | September 18, 2001
Sheppard Pratt Health System announced yesterday that it has sold its employee assistance and behavioral managed-care unit. The sale will have no impact on Sheppard Pratt's hospital in Towson and its services, said Bonnie Katz, vice president for corporate business development for Sheppard Pratt. The buyer, APS Healthcare Inc. of Bethesda, will continue to operate the programs under the Sheppard Pratt name, Katz said. Sheppard Pratt's clinicians will be part of APS' provider network. She said the unit had 45 employees working in such areas as claims processing and care management.
NEWS
By Scott Calvert, The Baltimore Sun | May 4, 2013
A federal judge has ordered a West Pratt Street clinic and its former chief executive to repay more than 60 current and former employees nearly $50,000 that the private company never deposited into their retirement accounts as required. U.S. District Judge William D. Quarles Jr. also awarded $27,800 in attorneys' fees to lawyer Richard Neuworth and colleagues who represented the plaintiffs. The March 22 order marked the latest chapter in the troubled recent history of Baltimore Behavioral Health Inc., once a successful mental health clinic that ranked among the city's largest providers of drug treatment services.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | February 24, 1998
Youth Services International Inc., the Owings Mills operator of facilities for juvenile offenders, yesterday reported fourth-quarter income of $4 million, or 39 cents a basic share.While the profit was more than quadruple the $965,000, or 10 cents a basic share, earned in the fourth quarter of 1996, it included a $6.1 million pretax gain from the sale of the company's behavioral health business.Revenue for the three months ended Dec. 31 dipped to $23.3 million vs. $29.3 million in the 1996 period.
BUSINESS
December 15, 1995
Charter Medical Corp., the largest operator of psychiatric hospitals in the nation, has purchased a majority share in Columbia-based Green Spring Health Services Inc., which manages mental health and drug and alcohol abuse programs for 12 million people.The deal, announced in October and concluded yesterday, creates the first fully integrated behavioral health care company. It will provide a range of services from emergency hospitalization to calculating how much services should cost.Atlanta-based Charter becomes a new holding company, Magellan Health Services Inc., with projected 1996 revenue of $1.4 billion and 22,000 employees.
NEWS
May 21, 2000
Behavioral health unit at hospital will hold open house Carroll County General Hospital's newest unit, Behavioral Health Outpatient Services, will hold an open house from 5 p.m. to 7 p.m. Wednesday on the 4 North wing of the hospital. The specially designed unit features seven classrooms, offices, a conference room, and a receptionist/waiting area, all overlooking the Carroll County Farm Museum across the street. Opening remarks and a ribbon cutting will take place at 5:15 p.m. Light refreshments will be served.
BUSINESS
April 30, 2001
New positions Stevenson and Sidell promoted at SITEL SITEL Corp. promoted James E. Stevenson Jr. to chief financial officer and Libby Sidell to vice president and controller for the Baltimore-based company, which operates company contact centers in the United States and abroad. Stevenson joined the firm in 1999 as vice president and controller. The University of North Carolina graduate formerly was a senior finance officer with Deutsche Banc Alex. Brown Inc. Sidell is responsible for corporate accounting and financial reporting.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | August 15, 1997
Green Spring Health Services of Columbia said yesterday that it will buy Vista Behavioral Health Plans of San Diego in a $6 million deal.The acquisition continues Green Spring's rapid consolidation in the managed behavioral health care field. Such companies operate like HMOs, providing counseling and inpatient care, generally for a fixed monthly fee.The deal will add 600,000 members to Green Spring's business, which provides managed behavioral care to 16 million people.Green Spring and three other companies already control more than 70 percent of the market -- and one of those three, Human Affairs International, is being acquired by Magellan Health Services, which owns a controlling interest in Green Spring and operates mental hospitals.
BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | December 1, 1999
Sheppard Pratt Health System said it has reached a three-year agreement with Peninsula Regional Medical Center of Salisbury to manage the hospital's 17-bed inpatient adult mental health unit.Sheppard Pratt and the medical center would not disclose the financial terms of the agreement.As part of the deal, Sheppard Pratt, the largest provider of behavioral health care services in Maryland, will manage the 7-year-old unit's clinical and administrative operations.The unit's program director, social worker and two therapists will become Sheppard Pratt employees, but the nursing staff, technicians and other workers will remain with the hospital, said Bill Elliott, the unit's mental health services program director.
BUSINESS
By Steve Kilar, The Baltimore Sun | December 31, 2012
Mental health rehabilitation and addiction treatment center Baltimore Behavioral Health Inc. has filed for bankruptcy protection because it owes more than $5.5 million to creditors and estimates its assets are less than $500,000, according to federal court filings. The center will continue to operate during the Chapter 11 restructuring, said CEO Terry T. Brown. "There's a need for us to be here," Brown said of the nonprofit company's West Pratt Street facility, on the northern edge of the Pigtown neighborhood of Southwest Baltimore.
NEWS
August 19, 2012
Behavioral and psychiatric symptoms, such as depression, delusions, hallucinations, yelling, wandering and aggression, affect 80-90 percent of individuals with dementia at some point during the course of their illness. For the vast majority of individuals with dementia, these troubling symptoms are short-lived and can be successfully managed by caregivers who use behavioral modifications and non-pharmacological interventions such as reassurance, social activities to relieve boredom or agitation, reminiscence, and exercise.
NEWS
By Scott Calvert, The Baltimore Sun | April 13, 2012
More than a year after questions arose publicly about the state of Baltimore Behavioral Health Inc.'s retirement plan, the financial company that oversaw the plan has gone on record as saying that the West Pratt Street mental health clinic all but stopped making contributions after Sept. 2009. An official with the Lincoln National Life Insurance Co. made the statement in an affidavit late last month. It was filed in federal court by the attorney for employees who allege in a lawsuit that BBH executives “diverted and stole” money intended for their retirement plans.
HEALTH
By Meredith Cohn | March 12, 2012
Howard County has released it road map for the next two years for improving health among residents and reducing disparities among groups. The 2012-2014 Local Health Improvement Action Plan was drafted by Howard County's Local Health Improvement Coalition , which includes County Health officer Dr. Peter Beilenson. It aims to address three key areas: increasing access to affordable care, obesity prevention and behavioral health. “Creating this action plan has truly been a collaborative effort across all segments of the Howard County community,” says Dr. Beilenson.
HEALTH
By Jamie Smith Hopkins, The Baltimore Sun | February 2, 2012
Adventist Behavioral Health said it will close its residential treatment facilities and school in Crownsville later this year, moving the teen-agers it serves to locations in Rockville and in Cambridge on the Eastern Shore. The nonprofit, part of Rockville-based Adventist HealthCare, said demand is waning for residential psychiatric and behavioral treatment in favor of outpatient care. It intends to increase such community-based offerings as it consolidates residential options. Kevin Young, president of Adventist Behavioral Health, said the 30-bed residential treatment center and 18-bed group home would be phased out over the next several months as patients are moved one by one, rather than en masse.
NEWS
By Scott Calvert, The Baltimore Sun | January 12, 2011
State health investigators disclosed Wednesday that they have uncovered evidence of "fraud or willful misrepresentation" by an Eastern Shore drug treatment and mental health clinic, including overbilling and charging for the work of physicians who were not at the facility. The inspector general of the state health department sent a letter Wednesday to Warwick Manor Behavioral Health Inc., near Cambridge, saying the state has suspended all Medicaid payments to the clinic. Warwick Manor treats roughly 2,000 patients a year and billed the state's Medicaid program $1.5 million last year.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | May 12, 2000
Magellan Health Services announced $29.7 million in losses and a $58.2 million write-down of assets yesterday in its specialty health division, demonstrating that problems in the division were deeper than had been previously acknowledged. While earnings were steady in other divisions, the specialty health difficulties meant that Columbia-based Magellan posted a loss of $45.5 million, or $1.45 per common share, for the three months ending March 31, the second quarter of Magellan's fiscal year.
NEWS
By Scott Calvert, The Baltimore Sun | December 12, 2010
The Baltimore & Ohio Railroad Museum could be on the verge of a westward expansion, according to its executive director, who says the West Pratt Street museum is "seriously" thinking of buying the adjacent campus of Baltimore Behavioral Health Inc. Officials from the museum and the nonprofit mental health clinic signed a letter of intent Friday, giving the museum 90 days to scrutinize the two long brick buildings that house BBH's main clinic operation,...
HEALTH
By Scott Calvert, The Baltimore Sun | December 10, 2010
State health regulators disclosed Thursday that they have fined Baltimore Behavioral Health Inc. $90,000 for employing a psychiatrist who had been convicted several years earlier of Medicaid fraud. The fine equals the salary and benefits that the nonprofit clinic paid Dr. Roman Ostrovsky during the 14 months he worked there as an administrator. State officials said BBH should never have hired him because he was on a federal no-hire list because of his fraud conviction. The penalty comes amid questions about the finances at the West Pratt Street mental health clinic, which was the subject of a recent Baltimore Sun investigation.
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