James Bailey, a veteran behavioral health executive, saw his son enter a mental health facility in 2023. A little more than a year later, Bailey acquired the company that helped his son recover. Bailey’s company, Paramount Health Management, announced its acquisition of St. George, Utah-based Life Launch Centers and its four facilities in the Beehive State. “There are not a lot of platforms out there in behavioral health at this point,” Bailey told Behavioral Health Business. “They’re either out of network or have some insurance problems, or they haven’t built up. … That’s what I was looking for, a mom-and-pop that I could jump in and take over.”
Read the full article: Ex-Discovery, Acadia Exec Acquires the Mental Health Company That Served His Son //
Source: https://bhbusiness.com/2024/11/08/ex-discovery-acadia-exec-acquires-the-mental-health-company-that-served-his-son/