• Oceans Healthcare expands into five new states with its acquisition of Haven Behavioral Healthcare, adding seven facilities to its network.
  • The merger strengthens access to mental health care, increasing Oceans Healthcare’s footprint to 48 facilities across nine states.

Oceans Healthcare, a provider of inpatient and outpatient behavioral health services, has announced the acquisition of Haven Behavioral Healthcare, Inc., a Nashville-based operator of specialty behavioral health facilities. This move adds seven behavioral health hospitals and outpatient services to Oceans' portfolio, expanding its network into Arizona, Idaho, Ohio, New Mexico, and Pennsylvania.

The acquisition boosts Oceans Healthcare’s reach to 48 facilities across nine states and strengthens its workforce to approximately 4,000 employees. Established in 2004, Oceans has focused on serving at-risk populations in underserved communities through a mix of inpatient and outpatient services. The company has steadily grown since 2014 through strategic partnerships and the development of new facilities.

“This acquisition represents an alignment of missions. Both organizations are deeply committed to providing high-quality care to vulnerable populations,” said Oceans Healthcare CEO Stuart Archer.

He emphasized that combining resources will enhance their ability to deliver accessible mental health services.

Haven Behavioral Healthcare, founded in 2006, specializes in acute inpatient and outpatient psychiatric care for adolescents, adults, and seniors. Its CEO, Kelly Gill, expressed optimism about the merger, noting that the collaboration would "ensure greater access to quality mental health care and create more opportunities for recovery."

In the past 18 months, Oceans Healthcare has expanded into nine markets, focusing on intensive outpatient programs and services for diverse age groups. With this acquisition, the organization aims to enhance care delivery and extend life-saving mental health services to underserved regions.

Houlihan Lokey acted as the exclusive financial advisor for Haven Behavioral Healthcare in the transaction.

Edited by Harshajit Sarmah