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PSCH & Pederson-Krag announce consolidation

July 19, 2011
by News release
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New York City — Alan M. Weinstock, President and CEO of PSCH, Inc., has announced that the Boards of Directors of PSCH and Pederson-Krag, Inc., two of the region's largest behavioral health providers, have taken the necessary steps to begin to consolidate operations. Upon the completion of an asset merger later this year, the company will be called PSCH/Pederson-Krag. Pederson-Krag is now the Long Island Division of PSCH.

Jeff Steigman, PsyD, has been named CEO of Pederson-Krag and Anita Fleishman, former CEO of Pederson-Krag, has been named PSCH Senior Vice President.

PSCH and Pederson-Krag currently meet the behavioral health needs of well over 14,000 individuals annually providing treatment, case management, residential, vocational, educational, intensive children's, rehab, and peer services a year in New York City, New Jersey, and Long Island.

The agencies have begun the process of creating economies of scale in administrative functions and developing best practices for enhanced consumer satisfaction and quality through the innovative use of information technology.

The relationship builds upon the significant management and clinical expertise of both agencies to create a strengthened regional organization. PSCH and Pederson-Krag will provide leadership in responding to the many opportunities made possible through insurance reforms and the need for collaboration and integration between the health and behavioral health sectors.

Weinstock stated: "These two agencies, with over 80 years of combined experience in providing services to the community, share a common philosophy about client care. This affiliation represents a model for future relationships between agencies. The identities and missions of the two agencies in the communities they serve will be maintained while we seek to create organizational efficiencies assuring ongoing strength and viability."


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