Promises Behavioral Health, LLC

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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 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)
RecapitalisationCompletedPromises Behavioral Health, LLC-
Company FormationCompletedPromises Behavioral Health, LLC-

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