Discovery Behavioral Health Announces New Majority Ownership, Leadership Appointments To Further Strengthen The Company
Discovery Behavioral Health (DBH), a behavioral health provider organization specializing in evidence-based treatment of mental health conditions, eating disorders, and substance use disorder, announced a restructuring and change in majority ownership. The agreement outlines an orderly ownership transition, subject to regulatory approval and other required consents. DBH's clinical leadership, licensing, accreditation, and regulatory standing remain unchanged, and all programs are expected to continue serving consumers and families without interruption.
Upon regulatory approval, investment funds managed by HPS Investment Partners, LLC (HPS) will assume majority ownership in exchange for a substantial reduction of DBH's debt obligations. The transaction . . .
