SUN Behavioral Health Acquires Seaside's Community Services
Deal News | May 02, 2025 | SV Health Investors, LLC
SUN Behavioral Health has acquired the home- and community-based services division of Seaside Healthcare, expanding its services across six Southeastern U.S. states. This acquisition aligns with SUN's vision of bridging acute care with long-term community support, particularly for individuals with severe and persistent mental illnesses (SPMI) and youth with complex behavioral issues. The deal excludes Seaside's acute inpatient facilities, which will remain under their current management. The acquired community agencies will retain their local branding but integrate administratively with SUN. The two healthcare providers aim for a robust continuum of care, with plans to enhance clinical and operational excellence. Managed Medicaid partnerships will play a central role in scaling high-quality, efficient mental health care. Financial details of the transaction remain undisclosed. Bailey & Company acted as Seaside's financial advisor.
Sectors
- Healthcare Services
- Private Equity
Geography
- United States – The acquisition impacts states in the Southeast U.S., specifically North Carolina, South Carolina, Georgia, Louisiana, Texas, and Virginia, reflecting regional expansion.
Industry
- Healthcare Services – The article relates to the healthcare services industry, focusing on mental health services and community-based care.
- Private Equity – SV Health Investors, a private equity firm, supports the expansion, highlighting the role of financial backers in healthcare expansions.
Financials
- Not Disclosed – Financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SUN Behavioral Health | Buyer | Company | A leading provider of psychiatric services, focusing on inpatient and outpatient care. |
| Seaside Healthcare | Target | Company | A prominent behavioral health provider offering community-based services across the Southeast. |
| Bailey & Company | Financial Advisor | Company | Served as the financial advisor to Seaside on the transaction. |
| SV Health Investors | Private Equity Sponsor | Company | A private equity firm backing SUN Behavioral Health's strategic acquisition. |
| Steve Page | CEO | People | Chief Executive Officer of SUN Behavioral Health. |
| Eric Gintoli | COO | People | Chief Operating Officer of Seaside Healthcare. |