oversight by a psychiatrist, and coordinated treatment by a physician-led team of mental health professionals. The company also provides contract management and a managed care plan, which involve the development, organization, and management of behavioral health care and rehabilitation programs within medical/surgical hospitals. As of December 31, 2009, it owned and leased 94 inpatient behavioral health care facilities with approximately 11,000 beds in 32 states, Puerto Rico, and the U.S. Virgin Islands. The company was founded in 1988 and is based in Franklin, Tennessee. As of November 15, 2010, Psychiatric Solutions, Inc. operates as a subsidiary of Universal Health Services Inc.