Jun 14th, 2019
New facilities, service line expansions yield strong growth for behavioral healthcare company
PLANO, Texas (June 14, 2019) – For the fourth year running, Oceans Healthcare has been named one of the 50 fastest-growing middle market companies in North Texas by the Dallas Business Journal. Known as the Middle Market 50, this annual list includes public and private companies with annual revenues between $25 million and $750 million.
“I am honored to be included once again in a list of noteworthy North Texas companies that are achieving great things in our region,” said Stuart Archer, CEO, “But this recognition is more than just a testament to Oceans Healthcare’s corporate growth over the last year. We have grown our footprint across Texas, Louisiana and Mississippi and increased the number of behavioral health services we are able to provide to some of the most vulnerable citizens in our communities. The work our teams do to care for the individuals treated at our facilities is invaluable. They help individuals feel whole and human again. As the need for behavioral health services continues to rise, it is my goal for Oceans Healthcare to grow in tandem, to continue to shine a spotlight on the demand for this specialized care and to help meet that need locally and nationally.”
Oceans Healthcare is a fast-growing behavioral health provider focused on healing and long-term recovery. Founded in 2004, the company provides inpatient and outpatient treatment throughout Texas, Louisiana and Mississippi. With a focus on the unique physical and emotional needs of older adults and seniors, Oceans also offers specialized treatment options for adults, children and adolescents; individuals with substance use disorders; and active duty and veteran military members and their families. With 16 facilities and 29 treatment locations in three states, Oceans take great pride in being the largest provider of inpatient geriatric behavioral health treatment in Louisiana and one of the largest in Texas.
In 2018, Oceans treated nearly 14,000 patients in its inpatient facilities, expanded its intensive outpatient programs for adults 18 and older, introduced its children and adolescent treatment programs in target markets and saw nearly 3,000 admissions to its outpatient programs across its system. The company recently broke ground on new facilities in Hammond, Louisiana, and Waco, Texas, and expanded its operations in the Houston area with the addition of a facility in Pasadena, Texas. Oceans also recently acquired a Mississippi-based behavioral health provider and now offers a behavioral health hospital, outpatient clinic and therapeutic day school in Biloxi, Miss.. In late 2018, the company announced its specialized STAR (Support Through Active Recovery) program for veteran and active-duty military and their families.
All 50 fastest-growing middle market companies will be ranked on a growth index and the official list will be announced June 20.
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