Acute Behavioral Health announced on June 23 its completed acquisition of Oakwood Treatment Center in Kinston, North Carolina.
Oakwood Treatment Center is a psychiatric residential treatment facility that had previously been part of the Nova Behavioral Health network of treatment programs. Oakwood provides out-of-home treatment services for boys and girls between 12-17 years old.
Acute Behavioral Health is a healthcare platform for young people, aligned with the Federal Family First Prevention Services Act, which promotes keeping children with their families by providing preventive services and community-based care to reduce the need for state custody placements for treatment. Acute Behavioral Health was formed in 2021 with an initial investment from Petra Capital Partners and Harbert Credit Solutions in partnership with Elm Creek Partners and Granite Growth Health Partners.
Oakwood Treatment Center will continue to serve the Kinston, North Carolina community under a new name and ownership. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 55th Behavioral Health Care (BHC) acquisition of the year. There were 70 BHC deals announced during 2024, 84 announced during 2023 and 113 announced during 2022.
