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Oceans Healthcare expands its network by acquiring Haven Behavioral Healthcare, Inc.

Jan 02, 2025•12 months ago

Acquiring Company

Oceans Healthcare

Acquired Company

Haven Behavioral Healthcare

PlanoNashvilleNon ProfitMedicalHealth Care

Description

Oceans Healthcare, a provider of behavioral health services, has acquired all outstanding shares of Haven Behavioral Healthcare, Inc., expanding its network into five new states with the addition of seven behavioral health hospitals and outpatient services. The acquisition aims to provide greater access to care in Haven's communities and empower local teams to enhance care delivery.

Company Information

Company

Oceans Healthcare

Location

Plano, Texas, United States

About

Oceans Healthcare 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 under its family of hospitals – Oceans Behavioral Hospital and Haven Behavioral Hospital – 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.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed