Odyssey Behavioral Health Makes First Two Acquisitions

Behavioral Healthcare Executive recently featured a write-up about Odyssey Behavioral Healthcare. Read on to learn more about the Odyssey Behavioral Health acquisition of two mental health treatment centers.

“The recently launched Odyssey Behavioral Healthcare has completed the deals for mental health treatment centers Pasadena Villa and Lifeskills of South Florida—its first two acquisitions—with backing from private equity firm Nautic Partners, LLC. Nautic and Odyssey management plan to invest up to $50 million of equity capital in new growth.”

“Pasadena Villa offers psychiatric residential treatment centers, day treatment and supportive housing for adults in Florida and Tennessee, and is Joint Commission accredited. Lifeskills is a CARF-accredited South Florida treatment center that offers residential, transitional and outpatient substance abuse/dependence treatment for adults.”

“Odyssey, headquartered in Brentwood, Tenn., was formed to build a diversified platform of behavioral healthcare facilities across the treatment spectrum in psychiatric and addiction care. Scott Kardenetz, CEO, is a 25-year veteran of the behavioral healthcare industry, and previously served in leadership positions with Ardent Health Services, Psychiatric Solutions and Universal Health Services.”

“‘With their impressive facilities, top clinical staff, and exceptional reputations within the industry, I believe that Pasadena Villa and Lifeskills of South Florida give Odyssey an impressive platform from which to launch our company,’ said Kardenetz in a statement.”

About Odyssey Behavioral Healthcare

Odyssey Behavioral Healthcare aims to enable our treatment centers to provide comprehensive care across the mental health spectrum. The state of mental and behavioral healthcare in the United States is often inadequate. We believe investment in treatment facilities will allow more people to have access to the care that they need.

We are excited to begin offering leadership and support to both Pasadena Villa and Lifeskills, two leaders in the field. To learn more about Odyssey Behavioral Healthcare and our network of facilities, contact us at 615-864-8145.