Oceans Healthcare

What Oceans Healthcare does

Oceans Healthcare is a Plano, Texas-based, privately held behavioral health provider founded in 2004 and backed by Webster Equity Partners. The company operates a 48-facility network spanning nine states (Arizona, Idaho, Louisiana, Mississippi, New Mexico, Ohio, Oklahoma, Pennsylvania, and Texas) with 1,512 licensed beds and a team of more than 4,000 caregivers, clinicians, and support staff, serving roughly 50,000 patients annually. It delivers a full continuum of behavioral health care — inpatient hospitalization, Partial Hospitalization Programs (PHP), Intensive Outpatient Programs (IOP), and a Virtual Outpatient Program — segmented by population into adolescent, adult, older adult, and service member/first responder programs, the last delivered through the trademarked STAR℠ Military Program for PTSD, TBI, and combat-related conditions. In January 2025 Oceans expanded its footprint by acquiring Haven Behavioral Healthcare, adding seven hospitals and entering five new states, and has continued to grow via joint-venture partnerships, notably with Ochsner Health in Louisiana.

The core technology footprint is a standard clinical stack: an Electronic Health Record (EHR) system, a virtual outpatient delivery platform, and teletherapy capabilities, with WellSky cited as a behavioral health software partner. No proprietary AI/ML capability is disclosed. Operations are Joint Commission accredited, HIPAA-compliant, and meet CMS quality measurement requirements (HBIPS-2/HBIPS-3). The revenue model is insurance-based: per-diem rates for inpatient psychiatric hospitalization, plus reimbursement from Medicare, Medicaid, TRICARE, and commercial payers. The go-to-market combines 24/7 direct admissions via website and phone intake, healthcare provider and emergency department referral pipelines managed by an inside sales function, and enterprise field sales targeting health-system joint ventures that share capital expenditure and expand geographic reach.

Name

Oceans Healthcare

Legal name

Oceans Healthcare

Website

https://oceanshealthcare.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Oceans Healthcare is a privately held behavioral health provider operating 48 inpatient and outpatient facilities across nine U.S. states, delivering psychiatric and mental health services to adolescents, adults, older adults, and military service members under insurance-based per-diem reimbursement.

Ownership category

akta.pro rank

Headquarters

HQ city

Plano

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Patient Services Revenue: Healthcare services revenue from inpatient psychiatric hospitalization, outpatient programs, and virtual care services. Billed on a per diem basis for inpatient care.
2. Insurance Reimbursements: Revenue from Medicare, Medicaid, TRICARE, and commercial insurance payers for covered behavioral health services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Oceans Healthcare is a behavioral health provider operating 48 facilities across 9 states, delivering a comprehensive continuum of care that includes inpatient psychiatric hospitalization, Partial Hospitalization Programs (PHP), Intensive Outpatient Programs (IOP), and Virtual Outpatient Programs. The company serves adolescents, adults, older adults, and service members/first responders through population-tailored programs, including the trademarked STAR Military Program for combat-related conditions such as PTSD, traumatic brain injury, and military sexual trauma. Care is delivered under the Oceans Behavioral Hospital and Haven Behavioral Hospital brands and reimbursed through Medicare, Medicaid, TRICARE, and commercial insurance.

Product overview

Oceans Healthcare is a behavioral health provider offering a comprehensive continuum of care through its family of hospitals and outpatient programs. The company operates a multi-tiered service model comprising inpatient hospitalization, Partial Hospitalization Programs (PHP), Intensive Outpatient Programs (IOP), and Virtual Outpatient Programs. Treatment is delivered across multiple specialized populations including adolescents, adults, older adults, and military service members/first responders through the STAR℠ Military Program. The organization operates facilities under two primary brands: Oceans Behavioral Hospital and Haven Behavioral Hospital (acquired in 2024), spanning 48 facilities across nine states.

Differentiator

Problem solved

Functional benefit

Brands

• STAR℠ Military Program: Specialized inpatient behavioral health program for active-duty service members, veterans, and their families with military-informed care and 24/7 psychiatric supervision.

Products and services

• Inpatient Care Hospital-based behavioral health treatment providing 24-hour psychiatric care and medical supervision for patients requiring acute stabilization and safety support. Available to adolescents, adults, older adults, and service members across 48 facilities in nine states.
• Partial Hospitalization Program (PHP) Intensive daytime treatment program providing structured therapeutic support while patients return home each evening, serving as a step-down level of care from inpatient hospitalization.
• Intensive Outpatient Program (IOP) Structured behavioral health treatment providing several hours of care multiple days per week, allowing patients to maintain work, school, and family responsibilities while receiving therapeutic support.
• Virtual Outpatient Program Fully virtual mental health treatment delivered through secure, live online sessions providing therapist-led group therapy and individual sessions as clinically indicated, with focus on skill-building and emotional regulation.
• STAR℠ Military Program Specialized inpatient behavioral health program for active-duty service members, veterans, and their families, providing hospital-based care with 24/7 psychiatric and medical supervision in a military-informed environment.
• Adolescent Behavioral Health Hospital-based care and outpatient programs supporting teens who are struggling emotionally, behaviorally, or academically, delivered across the inpatient, PHP, IOP, and virtual outpatient levels of care.
• Adult Behavioral Health Hospital-based care and outpatient programs for adults facing depression, anxiety, or other mental health challenges, with treatment plans designed to help patients regain balance and confidence.
• Older Adult Behavioral Health Specialized geriatric psychiatric care focusing on improving quality of life, addressing memory or mood changes, dementia-related behavioral issues, and supporting families throughout the care journey.
• Service Member and First Responder Behavioral Health Behavioral health care for service members, veterans, and first responders facing behavioral health challenges including PTSD, traumatic brain injury, and military sexual trauma, supporting healing, resilience, and long-term recovery.

Quantifiable outcome

• 50,000+ patients served annually across 48 facilities
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered flagship, core and minor.

• Ochsner Health (Ochsner Lafayette General)flagshipStrategic or Co-development PartnerStrategic joint venture partnership for a behavioral health hospital. Oceans Healthcare operates the behavioral health facility within the Ochsner Lafayette General health system, expanding behavioral health access in the Louisiana market.
• WellSkycoreTechnology or IntegrationTechnology partner providing behavioral health software solutions to support clinical operations, patient records, and care coordination across Oceans Healthcare facilities.
• The Jason FoundationminorOthersNon-profit organization focused on suicide prevention and awareness. CEO Jeff Pritchard serves on The Jason Foundation Board, demonstrating community involvement and commitment to behavioral health advocacy.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Acadia Healthcare: Acadia Healthcare is the largest pure-play U.S. behavioral health hospital operator with ~250 facilities across 40 states, offering inpatient psychiatric care, residential treatment, and outpatient services. It is the most directly comparable public peer to Oceans Healthcare in service mix, acuity focus, and growth model.
• Universal Health Services: UHS operates a large Behavioral Health Care segment with ~330 inpatient facilities alongside acute care hospitals. Its behavioral health division competes head-to-head with Oceans in inpatient psychiatric services and shares the multi-state, multi-population operating model.
• Promises Behavioral Health: Promises operates a network of inpatient and outpatient behavioral health facilities across multiple states, often with luxury and specialized programming. It overlaps with Oceans in adult and adolescent psychiatric services and in private-pay commercial patient segments.
• Springstone Behavioral Health: Springstone operates behavioral health hospitals and outpatient programs across the U.S. Its service mix (inpatient, PHP, IOP) and patient populations (adult, geriatric, adolescent) closely mirror Oceans' offerings, and it is named in the management team bios as a prior employer.

Broad incumbents

• HCA Healthcare: HCA is the largest U.S. for-profit hospital operator with psychiatric units embedded across its general acute care footprint. While its core focus is general acute care, its behavioral health capability competes for the same patient referrals and health system partnerships as Oceans.
• Tenet Healthcare: Tenet operates acute care and specialty hospitals, with behavioral health exposure through USPI and partnerships. It competes with Oceans in select markets for psychiatric inpatient referrals and health-system joint ventures.
• Lifepoint Health: Lifepoint operates community-based hospitals and behavioral health facilities across non-urban markets, with a portfolio similar to Oceans in scale and geographic profile. It overlaps with Oceans in JV hospital partnerships and behavioral health service delivery.
• Ardent Health Partners: Ardent Health Partners operates acute care hospitals and behavioral health services in select markets, frequently partnering with academic medical centers. Its scale and JV model are directly comparable to Oceans' growth strategy.
• PAM Health: PAM Health operates post-acute and specialty inpatient hospitals with some behavioral health exposure, competing for the same health-system referral relationships as Oceans in overlapping regional markets.
• UPMC: UPMC is a large integrated academic health system with Western Psychiatric Hospital and a behavioral health network spanning inpatient and outpatient services. It is an incumbent competitor and potential JV partner for Oceans in Pennsylvania and Ohio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@oceanshealthcare1012
• Facebookfacebook.com/OceansHealthcare
• LinkedInlinkedin.com/company/oceans-healthcare
• Xx.com/OceansHealth

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oceans Healthcare