Announced
Completed
Financials
Tags
Friendly
health services
Domestic
Acquisition
Completed
Private
Private Equity
Minority
Health Care Services
Single Bidder
United States
Synopsis
Webster Equity Partners, a private equity firm, completed the investment in Oceans Healthcare, a provider of behavioral health services. Financial terms were not disclosed. "We're proud of the footprint we've established so far, but we are nowhere near finished. The mental health impact of the pandemic has pushed already high demand for behavioral health services to crisis levels. This transaction allows us to expand our services and be a solution for underserved communities with decreasing or inadequate access to care. We're fortunate to have the opportunity to leverage Webster's expertise in our industry and value their support in achieving this goal," Stuart Archer, Oceans Healthcare CEO.
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