Nashville-based Psychiatric Solutions Inc. acquires publicly-held PMR Corp. for $60 million in stock. This deal is an important step in growing Psychiatric Solutions into one of the nation’s largest behavioral health providers.

Six years later, Universal Health Services purchases Psychiatric Solutions for a total of $3.1 billion. Afterward, Psychiatric Solutions cofounder Joey Jacobs goes on to launch Acadia Healthcare, the largest behavioral health company in the country.