Pioneer Behavioral Health (PHC) Reports Strong Fourth Quarter
Pioneer Behavioral Health reported a strong year over year increase in sales in the fourth quarter of fiscal 2010 as the company continues its recovery from the recession of 2009. The company also reported a profit compared to a loss in the same period a year earlier. Pioneer Behavioral Health reported net sales of $14 million in the quarter ending 6/30/2010, compared to $11.7 million in the fourth quarter of fiscal 2009. The company attributed the large gain to increased occupancy at the Seven Hills Behavioral Institute, the Detroit Behavioral Institute and Harbor Oaks Hospital. Pioneer Behavioral Health reported net…