Oceans Healthcare enters JV to build new behavioral hospital
Oceans Healthcare has entered into a joint venture (JV) partnership to build a behavioral health hospital in south central Oklahoma.
Oceans is teaming up with Norman Regional Health System for the project. Together, the pair will construct Behavioral Health Porter Village, a 48-bed hospital expected to open in 2023 in Norman, Oklahoma. It will include an intensive outpatient program and a dedicated geriatric behavioral health unit.
The new facility will be located on the Norman Regional Hospital campus and will replace the 20-bed behavioral health unit inside the current hospital. Oceans’ JV with Norman Regional follows an agreement the provider made in May with CHRISTUS Spohn Health System to build a behavioral health unit in Corpus Christi, Texas, located on CHRISTUS’s Shoreline campus.
“Across the country, the need for mental health services is increasing and few communities have the resources they need to meet that demand,” Oceans CEO Stuart Archer said in a press release. “We are honored to partner with a respected institution such as Norman Regional Health System to expand access to behavioral health care and, ultimately, help fulfill their vision of making the communities they serve stronger and healthier.”
Headquartered in Plano, Texas, Oceans provides inpatient and outpatient behavioral health services at over 30 hospitals and programs across Texas, Louisiana and Mississippi. Oceans, which focuses on underserved populations like seniors and rural residents, is backed by the venture capital firm General Catalyst Partners.
Caravel expands in Wisconsin
Caravel Autism Health continues to expand its footprint with the opening of a new facility in its home state of Wisconsin.
The new center is situated along the Illinois state line in Kenosha, serving children with autism spectrum disorder (ASD) and their families in southeastern Wisconsin and northern Illinois. The Kenosha facility comes as Caravel recently opened another Badger State location in the town of Rothschild.
The sensory-friendly facility offers wraparound services such as diagnostic evaluations, family support and counseling, as well as applied behavior analysis (ABA). ABA is considered to be the gold standard of autism care.
Green Bay-based Caravel was founded in 2009 and has over 40 locations throughout Wisconsin, Illinois, Minnesota, Washington, Iowa and Idaho. The provider — which serves children ages 2 to 18 — is owned by the private equity and venture capital firm Frazier Healthcare Partners.
Last month, Caravel scored a senior credit facility from Monroe Capital to help with refinancing and support of its growth goals.
MindPath Care expands into new state
Mental health and substance use disorder (SUD) treatment provider MindPath Care Centers has announced plans to open a number of locations this year in Texas. It has started by rolling out telehealth services in the state.
The Durham, North Carolina-based provider is now offering virtual medication management and psychotherapy to residents of the Lone Star State in partnership with major health insurers. The services come as MindPath Care is planning to open over 10 facilities throughout Texas by the end of 2021.
The first of those clinics — which will be located in River Oaks — is scheduled to open in early September and provide inpatient services. Another clinic will follow in Frisco in October. Both clinics are located in the Dallas-Fort Worth area.
MindPath Care is owned by Sacramento, California-based Community Psychiatry, which purchased the North Carolina-based provider in May. The acquisition more than doubled the number of Community Psychiatry’s locations throughout the country.
The new Texas clinics will increase the combined company’s location count to over 80, with facilities located across Texas, California, North Carolina, South Carolina and Florida.
Community Psychiatry is owned by the private equity firms Centerbridge Partners and Leonard Green & Partners.
Discovery Behavioral Health opens new center for adolescents
Discovery Behavioral Health has opened a new residential treatment center in Dade City, Florida, to provide mental health services to adolescents.
The center, which is located in the Tampa Bay area, has 14 beds and focuses on therapies for cognitive and dialectical behavior, as well as for acceptance and commitment.
Board-certified psychiatrists provide residents with education assistance, along with other services such as individual therapy, medication management and medication education. The new center also provides family support programs.
Headquartered in Los Alamitos, California, Discovery operates over 100 centers across the country for mental health, SUD and eating disorder treatment services. Its care services include detoxification, residential treatment, medical residences, partial hospitalization (PHP) and intensive outpatient programs (IOP) for teens and adults.
Discovery is backed by Webster Equity Partners.
Companies featured in this article:
Behavioral Health Porter Village, Caravel Autism Health, Centerstone, CHRISTUS Spohn Health System, Community Psychiatry, Discovery Behavioral Health, Frazier Healthcare Partners, General Catalyst Partners, Leonard Green & Partners, MindPath Care Centers, Monroe Capital, Norman Regional Health System, Norman Regional Hospital, Oceans Healthcare, Webster Equity Partners