Transaction Expands Oceans’ Network to 48 Facilities Across Nine States
PLANO, Texas. – Oceans Healthcare, a growing provider of inpatient and outpatient behavioral health services, has acquired all outstanding shares of Haven Behavioral Healthcare, Inc., a Nashville-based provider of specialty behavioral health services. The transaction expands Oceans’ network into five new states with the addition of seven behavioral health hospitals and outpatient services with locations in Arizona, Idaho, Ohio, New Mexico and Pennsylvania.
“Our organizations share an almost 40-year legacy of high-quality care and commitment to our patients. Together we will be able to accomplish much more than we could independently,” said Oceans Healthcare CEO Stuart Archer. “Oceans has consistently sought opportunities that would expand our ability to provide access to care for at-risk populations in underserved communities. Haven has had a similar mission, and we are honored to welcome them to our Oceans family.”
In the past 18 months, Oceans has announced new facility or service expansions in nine markets with a focus on intensive outpatient programs and services for patient populations from adolescents through seniors. The organization has experienced steady growth since 2014 through strategic partnerships with academic medical centers and de novo facility development.
With the Haven acquisition, Oceans Healthcare increases its footprint to 48 facilities across nine states, supported by a workforce of approximately 4,000 dedicated employees.
“Our health systems have always shared similarities in services, markets, populations served and – most importantly – in mission,” said Haven Behavioral Healthcare CEO Kelly Gill. “From our earliest conversations, it was clear that bringing our organizations together would result in something greater than the sum of its parts. We are proud to move forward with this opportunity and to ensure greater access to quality mental health care, greater opportunity for recovery and greater hope.”
Oceans Healthcare’s goals for the acquisition are to expand access to care in Haven’s communities, empower local teams to enhance care delivery and to continue providing what is often life-saving care for some of the most vulnerable individuals.
Houlihan Lokey served as the exclusive financial advisor to Haven Behavioral Healthcare, Inc.
