Promises Behavioral Health, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Promises Behavioral Health, LLC - overview
Established
2019
Location
Brentwood, TN, US
Primary Industry
Healthcare Specialists
About
Based in Tennessee, US, and founded in 2019, Promises Behavioral Health, LLC, is a provider of mental health and substance use treatment. In November 2021, Assured Healthcare Partners recapitalized Promises Behavioral Health, LLC. As of December 2023, the company is led by CEO Scott Sasserson. Promises Behavioral Health, LLC offers compassionate, nonjudgmental care, emphasizing trauma-informed approaches, dual diagnosis treatment, and recovery and relapse prevention.
Promises Behavioral Health provides a range of addiction treatment services, including medical detox, residential treatment, and outpatient programs. With a focus on mental health and addiction treatment, the firm addresses various conditions, including personality disorders, anxiety, trauma, and PTSD. They also provide non-step options, recognizing the diverse needs of their clients. The treatment approach involves a combination of physical, social, contractual, and biological measures, including medication-assisted treatment tailored to the individual.
The company's comprehensive programs include recovery skills development, emotional awareness and resilience training, addressing the internal narrative, fostering connectedness and spirituality, and adopting a systemic approach that involves families and stakeholders in the healing process. The acquisition enable Promises Behavioral Health, LLC to increase its financial and operating flexibility and execute its organic, de novo and M&A growth strategy.
Current Investors
Assured Healthcare Partners
Primary Industry
Healthcare Specialists
Sub Industries
Mental Health Services
Website
www.promises.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Promises Behavioral Health, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | Promises Behavioral Health, LLC | - | ||||||||
| Company Formation | Completed | Promises Behavioral Health, LLC | - |
Displaying 1 - 2 of 2

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.