CRC Health Corporation Reports Operating Results For the Three Months and Six Months Ended June 30, 2010.
Business Wire › August 16, 2010
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CRC Health Corporation Reports Operating Results For the Three Months and Six Months Ended June 30, 2010.
CUPERTINO, Calif. -- CRC Health Corporation ("CRC" or the "Company"), a leading provider of substance abuse treatment and adolescent youth services through its wholly owned consolidated subsidiaries, announced its results for the three months and six months ended June 30, 2010.
The Company has two operating divisions: recovery division and healthy living division. The recovery division provides substance abuse and behavioral disorder treatment services through residential treatment facilities and outpatient treatment clinics. The healthy living division includes programs and treatment services for adolescent youth as well as treatment services for eating disorders, obesity, and weight management serving all age groups. Adolescent and youth treatment services include therapeutic boarding schools and educational outdoor programs for children and adolescents struggling with academic, emotional, and behavioral issues.During the second quarter of 2010, the Company lowered its view of forecasted future cash flows, compared to a forecast prepared in the fourth quarter of 2009, for the healthy living division. This was based upon the Company's recent reassessment of economic conditions and lack of available credit for families of poten...See the full content of this document
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