Acute Behavioral Health, a behavioral health company based in Nashville, Tennessee, has recently made a significant acquisition in the mental health care industry. The company has acquired Nova Behavioral Health’s residential treatment facility located in Kinston, North Carolina. The terms of the deal have not been disclosed, but it is known that the facility, known as Oakwood Treatment Center, operates 42 beds spread across three buildings on a six-acre campus.
Oakwood Treatment Center is licensed by North Carolina as a psychiatric residential treatment facility for children and adolescents. Acute Behavioral Health specializes in providing short-term residential care for youth, serving as a transitional space between acute psychiatric hospital stays and extended residential treatment. The company was founded in 2021 by CEO Mike McCulla and Al Smith, with a mission to provide intensive treatment services for young individuals and facilitate their reintegration into a safe home environment.
CEO Mike McCulla expressed his excitement about the acquisition, stating that Oakwood’s treatment center design, team culture, and values align with Acute Behavioral Health’s mission. The focus is on lowering levels of care as quickly as clinically possible and ultimately reuniting young individuals back into a safe home environment.
Oakwood Treatment Center caters to youth aged 12 to 17 years old and receives referrals from mental health providers and social services for intensive services. As a private equity-backed platform company, Acute Behavioral Health’s sponsors include Petra Capital Partners, Harbert Management Corp., ElmCreek Partners, and Granite Growth Health Partners.
This acquisition marks the second deal announced by Acute Behavioral Health, following the acquisition of Hallmark Youthcare, the largest short-term residential treatment program in Virginia. The Hallmark Youthcare deal included an 82-bed inpatient psychiatric residential treatment facility for youth. Acute Behavioral Health continues to expand its reach and impact in the mental health care industry, providing much-needed support and services to young individuals in need.
