The CEO of Chatsworth, California-based autism therapy provider 360 Behavioral Health is stepping down.
Rob Marsh told Autism Business News he will transition to a board member role while pursuing other opportunities. Marsh stepped into the CEO role in January 2022. His last day is April 30. Kate Sheldon-Princi will be the interim CEO. She is presently the chief operating officer for 360 Behavioral Health.
Marsh was the third CEO since the private equity firm DW Healthcare Partners acquired 360 Behavioral Health in a deal announced in August 2018. At that time, Dennis Kogod was CEO and executive chairman. He was succeeded by Paul Fischer, who led the company from February 2019 to November 2021, according to his LinkedIn profile.
Ali Sadeghi and Leili Zarbakhsh founded 360 Behavioral Health in 2003. Before the DW Healthcare Partners acquisition, it was called California Psychcare.
Early on in Marsh’s tenure at 360 Behavioral Health, he oversaw a significant layoff round at a time when other autism therapy companies were doing likewise. At that time, long-stagnant payer rates, the rapid expansion of several platform companies and historic challenges in finding and retaining staff all collided.
Since then, the company has stabilized the business and seen rates and hiring trends improve. It has also turned its eye to growth and is opening two locations in Nebraska. 360 Behavioral Health operates 21 autism therapy centers and nine ancillary support services locations in California. The latter provide respite and personal assistance to name a few services.
This is the third CEO transition of a large autism therapy provider to hit in the last few weeks.
ABN reported last week that Jason Owen, the CEO of KKR-backed autism therapy provider BlueSprig Pediatrics left to take a role at Envision Healthcare. BlueSprig lists 128 locations on its website. He had been in the role since February 2022. KKR formed BlueSprig in 2018.
Also last week, Kathleen Stengel, CEO of NeurAbilities Healthcare, announced her departure. Council Capital, a Nashville-based private equity firm, invested an undisclosed amount into the company in 2018.
