Investment supports acquisition of Haven Behavioral Healthcare

March 05, 2025 10:30 AM Eastern Standard Time

WEST PALM BEACH, Fla.–(BUSINESS WIRE)–Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a $237 million senior secured credit facility (the “Financing”) for Oceans Healthcare (“Oceans”, or the “Company”), of Plano, Texas. The Financing marks Comvest Credit Partners’ fourth investment in Oceans since 2016 and supports the Company’s acquisition of Haven Behavioral Healthcare, Inc., of Nashville, Tenn. Oceans is a portfolio company of private equity firm Webster Equity Partners.

“It has been a pleasure working with Oceans’ impressive leadership team to develop tailored financing solutions that have helped the company achieve a number of growth milestones over the last decade,” said Tom Goila, Partner and Co-Head of Healthcare.Post this

Founded in 2004, Oceans offers inpatient and outpatient mental health care treatment programs to adolescent, adult, and geriatric patients, with a focus on reaching at-risk populations in underserved markets. With the Haven acquisition, Oceans has expanded its reach into five new states, and now operates 48 facilities across nine states.

“Oceans is a strong performer that continues to broaden and diversify its business, buoyed by favorable tailwinds for behavioral health care services and the support of Webster Equity Partners, a healthcare-focused sponsor,” said Bryce Peterson, Managing Director and Co-Head of Healthcare at Comvest Credit Partners.

“It has been a pleasure working with Oceans’ impressive leadership team to develop tailored financing solutions that have helped the Company achieve a number of growth milestones over the last decade,” said Tom Goila, Partner and Co-Head of Healthcare at Comvest Credit Partners.

“Comvest Credit Partners has been a reliable and responsive lender through multiple phases of our expansion,” said Stuart Archer, Chief Executive Officer of Oceans. “Comvest understands Oceans’ business and market sector. Its ability to underwrite facilities that support transformative initiatives such as the Haven acquisition has helped us execute on our mission to expand access to high-quality, patient-centered behavioral health care.”

About Oceans Healthcare

Oceans Healthcare is a growing behavioral health provider focused on healing and long-term recovery. Founded in 2004, Oceans provides inpatient and outpatient treatment in 48 facilities across nine states. The company consistently achieves industry-leading performance metrics on national quality and safety measurements, as determined by the Centers for Medicare and Medicaid Services (CMS) and The Joint Commission. For more information, please visit www.oceanshealthcare.com.

About Webster Equity Partners

Founded in 2003, Webster is a private equity firm that focuses on high impact growth strategies that seek to deliver optimal outcomes for its investors, portfolio companies and the communities that it serves. Its mission is to deliver superior returns to our partners through the investment in and development of purpose driven patient-centric healthcare organizations dedicated to providing best of class clinical care and service to their patients. For more information, please visit https://websterequitypartners.com/.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $300 million-plus. For more information, please visit comvest.com/direct-lending.

About Comvest Partners

Comvest Partners (“Comvest”) is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $15.4 billion in assets, and has invested over $16.8 billion since inception. Comvest is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit comvest.com.

Contacts

For more information, please contact:
Tom Goila, Partner, Co-Head of Healthcare, Comvest Credit Partners – t.goila@comvest.com
Bryce Peterson, Managing Director, Co-Head of Healthcare, Comvest Credit Partners – b.peterson@comvest.com

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