Phoenix Behavioral Health Provider Organizations Terros Health & Lifewell To Merge

Terros Health and Lifewell, which both provide behavioral health services in Phoenix, Arizona, are planning to merge. The combined organization will have estimated annual revenue of $150 million and will operate 13 behavioral health clinics in the Phoenix area. The merger is slated to close by October 1, 2024.

The combined organization will be led by Terros Health’s President and Chief Executive Officer (CEO) Karen Hoffman Tepper, Ph.D. Lifewell’s CEO Doris Hotz will join the Terros Health executive leadership team. Lifewell’s 375 employees will transition to Terros Health on January 1, 2025, joining Terros Health’s . . .