Oceans Healthcare Named to Inc. 5000 List of America's Fastest-Growing Companies

Sep 16th, 2019

PLANO, Texas (September 16, 2019)Oceans Healthcare’s efforts to increase access to mental health services for some of America’s most vulnerable populations continue to earn national recognition. The Plano, Texas-based behavioral health provider has been named to the Inc. 5000 list of fastest-growing private companies in America for the fourth consecutive year.

Oceans Healthcare is the only behavioral health provider to make the list this year in Louisiana, Mississippi and Texas, where the company operates 29 facilities.

“Each year, the Inc. 5000 list spotlights innovative, high-performing companies helping shape our country through their contributions to business and society. I am honored Oceans Healthcare is included among these notable organizations for the fourth straight year,” said Stuart Archer, CEO. “This designation as an Inc. 5000 company affords Oceans the opportunity to spotlight the growing need for mental health services for Americans of all ages and is a testament to our commitment to meeting that need in the communities we serve.”

Oceans Healthcare has increased revenue by almost 45 percent in the last four years (generating nearly $120 million in 2018) and more than doubled the number of lives impacted since 2014, treating more than 17,000 individuals in its inpatient and outpatient programs in 2018.

Founded in 2004, the company provides inpatient and outpatient behavioral health treatment in multiple locations across three states. Oceans takes great pride in being the largest provider of inpatient geriatric behavioral health treatment in Louisiana and one of the largest in Texas.

The company’s expansion efforts are focused on creating additional access for older adults and seniors while expanding service line offers with the addition of military-focused outpatient programs, inpatient and outpatient substance use disorder treatment options, and children and adolescent behavioral health care. One of its newest facilities in Biloxi, Mississippi, hosts a fully-accredited therapeutic day school to provide children in grades K-12 with academic instruction and individual, group, and family therapy.

Company Facts:

  • 580 licensed beds
  • 18 inpatient hospital locations
  • 15 intensive outpatient programs serving patients age 18 and older
  • New hospitals under construction in Hammond, Louisiana, and Waco, Texas
  • Demonstrates its dedication to patient outcomes and commitment to providing a safe healing environment with industry-leading performance on national quality and safety measurements, as determined by the Centers for Medicare and Medicaid Services (CMS)
  • Utilizes progressive inpatient/outpatient treatment model to coordinate management of behavioral disorders for patients with extensive co-morbidities like diabetes, heart disease and COPD
  • Led by CEO Stuart Archer, named EY’s 2018 Entrepreneur of the Year in the Health category in the Southwest region. Archer serves as an at-large member of the National Association of Psychiatric Health Systems Board of Trustees and is a vocal advocate for increased access and coverage for behavioral health services
  • Named recently to the Dallas Business Journal’s list of 50 Fastest-Growing Mid-Market Companies in North Texas for the fourth year in a row. Oceans is one of only 15 Dallas-area companies to be named to both the Inc. 500 and the Middle Market 50 lists in 2019.

The Inc. 5000 ranks companies by overall revenue growth over a three-year period. Inc. also ranks the fastest-growing companies by industry, metro area, revenue and number of employees.

ABOUT OCEANS HEALTHCARE

Oceans Healthcare is a growing behavioral health provider focused on healing and long-term recovery. Founded in 2004, Oceans provides inpatient and outpatient treatment to adults 18 and older, with a special focus on the unique physical and emotional needs of seniors. With 16 facilities and 29 treatment locations in Louisiana, Mississippi and Texas, Oceans hospitals treated more than 17,000 individuals in 2018. The company consistently achieves industry-leading performance metrics on national quality and safety measurements, as determined by the Centers for Medicare and Medicaid Services (CMS). For more information, visit www.oceanshealthcare.com.

ABOUT INC. AND THE INC. 5000

Methodology

The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media:

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today.  For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

 

 

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5850 Granite Parkway
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PHONE (972) 464-0022
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