Hythiam

Hythiam is healthcare service provider that focuses on treatments for those who suffer from alcoholism and other substance abuse problems. The company focuses upon the development, licensing, and distribution of treatment programs that do not directly involve medications. Rather, their programs use physiological, nutritional, and behavioral methods to treat patients. Hythiam developed the Prometa Treatment Program, and is currently affiliated with health plans, employers, criminal justice and government agencies.

Fast Facts

1. Stock symbol: HYTM (NASDAQ)
2. Annual revenue (2007): $44 million
3. Founder: Terren S. Peizer
4. Year established: 2003
5. Industry: Substance abuse rehabilitation
6. Phone: 310-444-4300
7. HQ: Santa Monica, California
8. Founder/CEO/President: Terren S. Peizer
9. CFO: Chuck Timpe
10. Staff: 160

Key Dates

1. 2003: Company founded by Terren Peizer
2. 2006: Introduced the Prometa program
3. February, 2006: Nonprofit drug treatment center from in Washington State initiates a 40-person Prometa pilot program
4. October, 2007: Report concludes that Prometa is no more effective than other drug treatment programs
5. December 6, 2007: Prometa is featured in an episode of MTV's True Life tv show, in an episode about drug addiction

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