PHC (PHC) Announces New Stock Buyback Program of Up To 1M Shares
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PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE AMEX: PHC) announced that its Board of Directors has authorized the buyback of up to 1 million shares of the Company's Class A common stock on the open market over the course of its next fiscal year, which begins July 1, 2009. The current Stock Buyback program, under which the Company has purchased approximately 400,000 shares, expires June 30, 2009.
"This latest authorization to repurchase shares on the open market reflects the view that the Company is well positioned for growth in fiscal 2010 and beyond," said Bruce A Shear, Pioneer's president and CEO.
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