Houlihan Lokey Advises Haven Behavioral Healthcare
Houlihan Lokey is pleased to announce that Haven Behavioral Healthcare (Haven), a portfolio company of BBH Capital Partners IV, LP, has been acquired by Oceans Healthcare (Oceans), a portfolio company of Webster Equity Partners. The transaction closed on December 31, 2024.
Haven, headquartered in Nashville, is a premier provider of acute inpatient and outpatient psychiatric care and related services. This complete continuum of quality behavioral healthcare services is specifically tailored for adolescents, adults, and geriatric patients with customized protocols for each age group. Utilizing these evidence-based protocols, Haven’s continuum of care spans the full range of behavioral health treatment services, including acute inpatient, partial hospitalization, intensive outpatient, ECT, and general outpatient behavioral care. The company was founded in 2006 and currently operates seven acute inpatient psychiatric hospitals and one dedicated outpatient location across five states in the U.S.
Oceans is a growing behavioral health provider focused on healing and long-term recovery. Founded in 2004, Oceans provides inpatient and outpatient treatment in 48 facilities across nine states. 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) and The Joint Commission. Oceans is an industry leader and is among very few behavioral health providers to implement a companywide electronic health records system.
Houlihan Lokey served as the exclusive financial advisor to Haven and assisted in initiating, structuring, and negotiating the transaction on its behalf. Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the world. In 2023, the group closed 34 transactions and was ranked by LSEG (formerly Refinitiv) as the No. 1 M&A advisor for all global healthcare transactions.*
*Excludes accounting firms and brokers.
RELATED: Behavioral, Financial Sponsors Coverage, Mergers & Acquisitions