Oceans Healthcare Corporate

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Oceans Healthcare Corporate - overview

Established

2004

Location

Plano, TX, US

Primary Industry

Healthcare Specialists

About

Oceans Healthcare Corporate is dedicated to delivering specialized behavioral health services, focusing on the mental health needs of diverse populations including adolescents, adults, and seniors across the United States. Oceans Healthcare Corporate, founded in 2004 and headquartered in Plano, US, provides essential behavioral health services. The company underwent a significant change in ownership in February 2022, when Webster Equity Partners acquired a stake from General Catalyst Partners. The company has been involved in 2 deals, with the most recent deal occurring in 2022.


Stuart Archer, as CEO, continues to lead the organization after the acquisition. The company has raised a total of USD 17. 00 mn through its latest funding round, the RECAPITALISATION in early 2022. Oceans Healthcare is a prominent provider of behavioral health services in the United States, offering a range of specialized programs aimed at addressing the unique mental health needs of adolescents, adults, and seniors.


Their core service offerings include inpatient treatment, intensive outpatient programs, partial hospitalization programs, and a variety of targeted therapies for conditions such as anxiety, depression, bipolar disorder, PTSD, and addiction. These services are designed to facilitate healing and long-term recovery, focusing on the holistic treatment of patients while also supporting their families. Oceans Healthcare caters to a diverse clientele across various geographical markets, including urban and rural areas nationwide, ensuring access to comprehensive mental health treatment for individuals facing a wide spectrum of behavioral health challenges. The revenue model for Oceans Healthcare is structured around the provision of mental health services through direct patient care and rehabilitation programs.


Transactions typically occur on a fee-for-service basis, where clients or their insurance providers pay for the specific treatments and programs utilized. While the company offers a range of behavioral health services, the exact pricing structure for individual programs has not been disclosed. As a behavioral health provider, Oceans Healthcare engages with both direct consumers and healthcare partners, facilitating access to their services for individuals in need of mental health support. The company’s commitment to quality care and progressive treatment methods positions it as a trusted provider in the behavioral health sector.


In February 2022, Oceans Healthcare's acquisition by Webster Equity Partners is expected to enhance its service offerings and accelerate growth in underserved markets nationwide. The funding received will support the expansion of services, although specific new products or programs have not been detailed at this time.


Current Investors

Webster Equity Partners

Primary Industry

Healthcare Specialists

Sub Industries

Mental Health Services

Website

www.oceanshealthcare.com

Verticals

HealthTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

Oceans Healthcare Corporate - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedHaven Behavioral Healthcare, Inc.-
Secondary BuyoutCompletedOceans Healthcare Corporate-
Add-on, Corporate Carve OutCompletedOceans Behavioral Hospital Biloxi-
Add-onCompletedAbilene Behavioral Health System-
RecapitalisationCompletedOceans Healthcare Corporate-

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