Article

Odyssey Behavioral Healthcare Acquires Selah House

Providence, RI

Odyssey Behavioral Healthcare (“Odyssey”), a portfolio company of Nautic Partners (“Nautic”), acquired Selah House, an eating disorder treatment center for women in Anderson, Indiana on September 29, 2017.

Odyssey, headquartered in Brentwood, Tennessee, holds a diversified portfolio of intensive residential behavioral health facilities across the treatment spectrum in eating, psychiatric, and addiction disorder care. The acquisition of Selah House expands Odyssey’s operations to include over 200 beds across five behavioral health facilities that provide inpatient, intensive residential, community residential, transition living homes, intensive outpatient, and case management services.

“We are excited to add Selah House to the Odyssey Behavioral Healthcare network,” said Odyssey CEO, Scott Kardenetz. “Selah House offers an authentic Christ-centered eating disorder treatment program. The home-like setting paired with the clinical capabilities and staff commitment provides an effective environment for women to start their recovery. This acquisition expands our eating disorder services and continues to advance our goal of building a network of quality behavioral healthcare facilities.”

“Selah House’s roots of Christ-centered, clinically excellent care have now been given wings by Odyssey. Odyssey’s strong commitment to the mission and intentional sustainability will allow those afflicted by these terrible diseases to find freedom for years to come,” says Selah House CEO, Amos Taylor.

Nautic Managing Director, Chris Corey added, “We are excited to add Selah House to the Odyssey family. Since Odyssey’s founding in 2015, there have been multiple acquisitions of outstanding treatment facilities dedicated to offering the highest quality of care, and Selah House is a further example of that and is a welcome addition to the Odyssey network.”

About Odyssey Behavioral Healthcare

Odyssey Behavioral Healthcare was formed in 2015 as a partnership between Nautic Partners and healthcare executive Scott Kardenetz. Odyssey has a growing diversified platform of behavioral health facilities across the treatment spectrum in eating, psychiatric, and addiction disorder care. Odyssey’s treatment centers include Pasadena Villa (www.pasadenavilla.com), Lifeskills (www.lifeskillssouthflorida.com), Magnolia Creek Treatment Center for Eating Disorders (www.magnolia-creek.com), and Selah House (www.selahhouse.com), which provide adult residential and outpatient care for those who expect and deserve compassionate, individualized treatment together with concierge-quality amenities in facilities in Tennessee, Florida, Alabama, Indiana, and North Carolina.

Certain statements about Nautic made by portfolio company executives herein are intended to illustrate Nautic’s business relationship with such persons, including with respect to Nautic’s facilities as a business partner, rather than Nautic’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Nautic-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.