CHILDRENS COMPREHENSIVE SERVICES INC

CHILDRENS COMPREHENSIVE SERVICES INC

Previous company name
PRICOR INC
Name change date
7/3/1992
Company Overview
Children’s Comprehensive Services Inc. is one of the United States leading providers of educational services, psychiatric treatment, and juvenile corrections for at-risk and troubled children and youth either directly or through management contracts in the United States. It provides services in a variety of areas ranging from special education for autistic and developmentally delayed children to more intensive boot-camp programs that are set up to rehabilitate juvenile offenders. It offers these services through the operation and management of non-residential specialized education programs, day treatment programs and both open and secured residential treatment centers. It was founded in 1985 as the Pricor Inc. It is headquartered in Nashville, Tennessee.
Children’s Comprehensive Services’ treatment facilities are devoted to rehabilitating youth who were sexually abusive, had substance abuse issues, or needed crisis intervention for all sorts of emotional needs. The company relied mainly on reimbursement from Medicaid, managed care and private companies. Its day treatment programs provides much of the company’s financial returns. The rates though vary according to the contracting parties. It has management contracts with both governmental and non-governmental nonprofit agencies in Arkansas, Alabama, California, Florida, Pennsylvania, Tennessee, Hawaii, Michigan, Montana, Kentucky, Louisiana, North Carolina, Ohio, and Utah. It serves more than 3,700 children and their families in these 14 states.
Children’s Comprehensive Services is a subsidiary of Universal Health Services Inc., a Fortune 500 company that is recognized as one of the United States largest healthcare management companies, operating and managing acute care hospitals, ambulatory centers and behavioral health facilities.
Business Summary
Children’s Comprehensive Services, Inc. is a provider of services for at-risk and troubled youth. The Company’s programs include services provided in both residential and non-residential settings for youth who have severe psychiatric disorders or who are emotionally disturbed, behaviorally disordered, developmentally delayed, learning disabled or medically fragile. As of June 30, 2001, the Company was providing education, treatment and juvenile justice services, either directly or through its variable fee management contracts, to approximately 3,400 at-risk youths. The Company also provides consulting, management and marketing services for Helicon, Incorporated, a not-for-profit corporation. In addition, Children’s Comprehensive may provide management services to community mental health centers, behavioral units in medical facilities and third parties for fixed fees. In January 2002, the Company was acquired by Ameris Acquisition, Inc., a wholly owned subsidiary of Kids Holdings, Inc.
Description and history
Children’s Comprehensive Services, Inc., incorporated in 1985, is a for-profit provider of services for at-risk and troubled youth in the United States. The Company’s programs include a comprehensive continuum of services provided in both residential and non-residential settings for youth who have severe psychiatric disorders or who are emotionally disturbed, behaviorally disordered, developmentally delayed, learning disabled or medically fragile. As of June 30, 2001, the Company was providing education, treatment and juvenile justice services, either directly or through its variable fee management contracts, to approximately 3,400 at-risk youths. The Company also provides consulting, management and marketing services for Helicon, Incorporated (Helicon), a not-for-profit corporation. In addition, Children’s Comprehensive Services may provide management services to community mental health centers, behavioral units in medical facilities and third parties for fixed fees. In January 2002, the Company was acquired by Ameris Acquisition, Inc., a wholly owned subsidiary of Kids Holdings, Inc.

On August 9, 2001, the Company announced that it had signed a definitive merger agreement with KIDS Holdings, Inc. (KIDS Holdings) and its wholly owned subsidiary, Ameris Acquisition, Inc. (Ameris), pursuant to which KIDS Holdings would acquire all of the Company’s outstanding common stock. Under the terms of the merger agreement, Ameris will be merged with the Company, with Children’s Comprehensive Services being the surviving entity and becoming a wholly owned subsidiary of KIDS Holdings. The transaction remains subject to a number of contingencies, including Ameris obtaining the required financing, approval by the Company’s shareholders, a lack of material adverse change in the Company’s business and other usual and customary closing conditions.

Comprehensive Continuum of Services

The Company offers a comprehensive continuum of services ranging from non-restrictive programs, such as family preservation and non-residential special education programs, to acute psychiatric programs and secures residential facilities. The Company’s programs are tailored to the specific needs of each locality, each client agency, each population and, most importantly, to the needs of each student or resident. Through its relationship with Helicon, Children’s Comprehensive also is able to deliver services to governmental agencies that are required or elect to contract with not-for-profit entities for the services offered by the Company.

Non-Residential Programs

Children’s Comprehensive Services’ non-residential youth services programs are designed to meet the special needs of at-risk and troubled youth and their families, while enabling each youth to remain in his or her home and community. Non-residential services provided by the Company may include behavioral day treatment programs, educational day treatment programs, alternative education programs, diversionary education programs, family preservation programs and on-site education programs in emergency shelters and diagnostic centers.

Residential Programs

The Company’s residential programs provide highly structured therapeutic environments and comprehensive treatment for at-risk and troubled youth when structured observation is necessary, when severe behavior management needs are present or when containment and safety are required. The Company’s residential services include secure residential programs, detention programs, acute psychiatric treatment programs, residential psychiatric treatment programs, residential treatment programs, diagnostic and evaluation services, therapeutic wilderness programs and group homes.

Management Services

In addition to management services provided to Helicon, Children’s Comprehensive Services may provide management services to community mental health centers, behavioral units in medical/surgical facilities and to third parties. Contract terms may vary in length from one to three years, with reimbursement based on the services being provided. Reimbursement ranges from the Company assuming full control of the facility to a fixed fee for specified services. Services may be provided in both residential and non-residential settings.

Founded as the Pricor Inc

Business Line
Provider of educational services, psychiatric treatment, and juvenile corrections for at-risk and troubled children and youth either directly or through management contracts
Subsidiary
C C S LANSING INC
Advisor
ERNST & YOUNG LLP
IPO date
7/1987
US SIC Code
8322
Company Address
Suite 400
3401, West End Avenue
City province or state postal code
37203, NASHVILLE, TN
Phone: +1 615 250 0000
Fax: +1 615 250 1000
Country address: UNITED STATES OF AMERICA
Website url: www.ccskids.com