PHC Secures Rate Increase from Existing Contract with Largest Customer in Southern Nevada (PHC)

PHC, Inc., d/b/a Pioneer Behavioral Health PHC, a leading provider of inpatient and outpatient behavioral health services, today announced that effective March 1, 2011, it had instituted a 28% rate increase with a major Las Vegas customer through its Harmony Healthcare unit, which will add approximately $2.0 million annually to Pioneer's revenues. Harmony Healthcare is the largest provider of behavioral health services to the gaming and transportation industries and through its customers has relationships established with over 21 casino and resort properties to provide mental and behavioral healthcare services to more than 600,000 individuals in southern Nevada.