Freedom Behavioral

What Freedom Behavioral does

Freedom Behavioral, operating through the Freedom Behavioral Hospital Group (FBHG), is a private psychiatric hospital management company headquartered in Topeka and providing comprehensive inpatient and intensive outpatient mental health services across Louisiana, Mississippi, and Texas. The company's portfolio includes 11+ licensed hospital locations, each structured as a separate legal entity with independent governing bodies but operating under a unified "Freedom Program" framework standardized by the management company Freedom Healthcare LLC. Service lines span psychiatric inpatient care (24/7 admissions, both voluntary and involuntary), intensive outpatient programs, at-risk evaluation, and specialized tracks for adolescent, adult, senior, and geriatric populations, with the Plainview, Texas facility focused on patients aged 50 and above.

The company's core offering is bed-based psychiatric care delivered through licensed inpatient facilities. Revenue is generated primarily on a per diem basis — gross charges of approximately $1,050 per day with payer-specific negotiated rates (e.g., BCBS of Texas, Cigna, Medicare PPO) disclosed under CMS Price Transparency rules effective January 2022. Patient acquisition is driven by direct-to-consumer admissions via a 24/7 phone line (1.844.4BEHAVIORAL), healthcare provider referrals, and insurance network participation. The group recently expanded its Louisiana footprint through the September 1, 2025 acquisition of StoneBridge Behavioral Hospital, a 24-bed psychiatric facility in Southwest Louisiana, signaling an active roll-up strategy. Compliance posture includes adherence to Louisiana Act 461 workplace violence prevention requirements and CMS price transparency mandates.

Freedom Behavioral is led by President and CEO Jason Reed, who began his psychiatric career at the original Lake Charles facility (then Calcasieu Oaks Behavioral Health) in 1999. The company has no disclosed institutional investors or venture capital backing and operates as a closely held private platform. Its geographic footprint is concentrated in the Gulf South region, with multi-state psychiatric hospital licensing providing the regulatory backbone for its service delivery. The organizational model — local hospital autonomy overlaid with centralized operational processes — positions the company as a regional consolidator of community-based behavioral health assets rather than a national chain operator.

Name

Freedom Behavioral

Legal name

Freedom Behavioral

Website

https://freedombehavioral.com

Company type

Private

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Freedom Behavioral is a private psychiatric hospital management company operating 11+ inpatient and intensive outpatient facilities across Louisiana, Mississippi, and Texas. It serves adolescent, adult, senior, and geriatric patients requiring acute mental health care on a per diem, fee-for-service basis.

Ownership category

akta.pro rank

Product category

Psychiatric Healthcare Services

NAICS

Psychiatric and Substance Abuse Hospitals (62221), Outpatient Mental Health and Substance Abuse Centers (621420)

SIC

Services-Health Services (8000), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

Inpatient Psychiatric Hospitals & Units (HLAFACAB)

akta.pro secondary industries

Outpatient Mental Health Clinics & Counseling Centers (HLAFACAA), Community Mental Health Centers (CMHCs) & Public Behavioral Health Providers (HLAFACAI), Residential Mental Health Treatment Centers (HLAFACAC)

Keywords

• Psychiatric inpatient services
• Intensive outpatient programs
• Behavioral health treatment
• Mental health hospital care
• Diagnostic psychiatric evaluation

Headquarters

HQ city

Topeka

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Psychiatric Inpatient Services: Fee-for-service healthcare services for psychiatric inpatient care including room charges (semi-private and private rooms), medical supervision, diagnostic evaluation, and treatment services. Revenue is generated through per diem rates multiplied by length of stay, billed to insurance providers, Medicare, Medicaid, or patients directly.
2. Intensive Outpatient Services: Outpatient psychiatric treatment services for patients who do not require 24-hour inpatient care but need structured therapeutic support.
3. Standard Charges and Shoppable Services: CMS Price Transparency compliant billing with standard charges, discounted cash prices, and payer-specific negotiated rates for various healthcare services, procedures, and medications.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Freedom Behavioral operates a network of psychiatric hospitals providing comprehensive psychiatric and diagnostic evaluation services through tranquil inpatient programs and intensive outpatient programs. Services are delivered 24 hours a day, 7 days a week across 11+ locations in Louisiana, Mississippi, and Texas, serving adolescent, adult, senior, and geriatric populations in a therapeutic, structured, and supervised setting. Both voluntary and involuntary admissions are accepted, with revenue generated through per diem rates, negotiated insurance rates, Medicare, Medicaid, and discounted cash prices for uninsured patients.

Product overview

Freedom Behavioral is a psychiatric hospital management company operating as Freedom Behavioral Hospital Group (FBHG), offering a unified portfolio of inpatient and intensive outpatient mental health services across multiple states. The core offering consists of psychiatric inpatient services and intensive outpatient programs serving adolescent, adult, senior, and geriatric populations. FBHG operates as a platform with 11+ independently managed hospital locations across Louisiana, Mississippi, and Texas, each providing localized psychiatric care while benefiting from centralized operational support. The recent acquisition of StoneBridge Behavioral (a 24-bed psychiatric hospital in Southwest Louisiana) expands the group's Louisiana footprint. Services include comprehensive psychiatric evaluation, diagnostic assessment, and at-risk evaluation for patients requiring acute mental health care in a safe, supervised setting.

Differentiator

Problem solved

Functional benefit

Products and services

• Psychiatric Inpatient Services 24/7 inpatient psychiatric and diagnostic evaluation services delivered in a therapeutic, structured, and supervised setting for adolescents, adults, seniors, and geriatric patients experiencing acute mental health decompensation; semi-private and private room options available.
• Intensive Outpatient Services Structured outpatient psychiatric treatment programs providing intensive therapeutic services for patients who do not require 24-hour inpatient supervision but benefit from ongoing structured psychiatric care and support.
• At-Risk Evaluation Clinical evaluation services for patients who are potentially or actively dangerous to self, others, or property, or are gravely disabled from hallucinations, delusions, agitation, anxiety, or depression, requiring 24-hour medical supervision in a controlled environment.

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Stonebridge Behavioral HealthcoreOthers · 1 September 2025Freedom Healthcare LLC led the acquisition of Stonebridge Behavioral Hospital, a 24-bed psychiatric hospital in Southwest Louisiana. Effective September 1, 2025, Freedom Behavioral Hospital of Lake Charles, LLC acquired Stonebridge Behavioral Hospital. This acquisition expands Freedom's presence throughout Louisiana and brings a new Southern provider to the region.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Strategic Behavioral Health: Multi-state psychiatric hospital operator providing acute inpatient and residential behavioral health services. Comparable as a regional psychiatric hospital platform serving adolescents and adults across similar geographies.
• Springstone Behavioral Health: Operator of inpatient psychiatric hospitals and outpatient behavioral health programs across multiple states. Directly comparable as a multi-site psychiatric hospital operator serving similar acute, adolescent, and adult populations with similar service offerings.
• Mercy Behavioral Health: Regional behavioral health provider operating psychiatric inpatient and outpatient services. Comparable as a smaller-scale psychiatric hospital operator with similar community-based service positioning.

Broad incumbents

• Wellpath: Healthcare provider focused on correctional and behavioral health services for underserved populations including inmates and patients requiring acute psychiatric care. Comparable as an operator serving government-pay and high-acuity behavioral health populations.
• HCA Healthcare: Large for-profit hospital operator with behavioral health service lines including inpatient psychiatric units across its network. Comparable in offering psychiatric inpatient services with 24/7 admissions, though as part of a much broader acute care portfolio.
• Universal Health Services (UHS): Major hospital management company with a sizable Behavioral Health division operating acute psychiatric and residential facilities nationwide. Comparable as a diversified platform operating inpatient psychiatric hospitals serving similar patient populations and acute crisis admissions.
• Acadia Healthcare: One of the largest pure-play behavioral healthcare companies in the U.S., operating a network of inpatient psychiatric hospitals and residential treatment centers. Directly comparable as a multi-site psychiatric hospital operator with similar service lines and payer mix, though significantly larger and publicly traded.
• Ascension Behavioral Health: Nonprofit health system operating behavioral health service lines including inpatient psychiatric units across multiple states. Comparable in providing inpatient psychiatric care, though as part of a larger faith-based health system.
• Magellan Health: Managed behavioral healthcare company providing mental health and substance use treatment services including inpatient management and network coordination. Comparable as a behavioral health services platform, though focused on managed care administration rather than facility ownership.

Emerging players

• CenterPointe Health: Behavioral health organization providing psychiatric services including inpatient and outpatient programs. Comparable as a behavioral health services provider serving similar acute psychiatric populations, though at a smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/freedom-behaviroal

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Freedom Behavioral