Tuesday 5 January 2010

D&Y Acquires Psychiatrists Only, LLC

D&Y (www.dystaffing.com), a division of TeamHealth, is expanding its healthcare staffing specialty coverage with the acquisition of Atlanta-based Psychiatrists Only, LLC. Since 1998, Psychiatrists Only has recruited qualified psychiatrists for locum tenens and permanent placement positions for healthcare facilities. For its most recent fiscal year, Psychiatrists Only reported net revenue of approximately $6.0 million.

As a division of D&Y, Psychiatrists Only will maintain its name, and Wayne Parton will continue in his role as Vice President, as will the incumbent and experienced recruiting professionals.

"Our group is excited to become a part of D&Y because both organizations share the same commitment to recruiting the highest-quality physicians," states Mr. Parton. "We believe this partnership will enhance our ability to create desirable matches between healthcare institutions and physicians, as well as provide more comprehensive solutions for our customers."

"Seeking to diversify our specialty coverage, we were attracted to Psychiatrists Only because of their prominent reputation for recruiting quality psychiatrists," states Susie Brown, Chief Operating Officer, D&Y. "Psychiatrists Only and D&Y share the same commitment to personal attention to our customers. We look forward to working with Mr. Parton as we develop this partnership."

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