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Behavioral health provider taps executive to drive continued business growth

PLANO, Texas (November 8, 2023) – Oceans Healthcare, a rapidly growing behavioral health organization, today announced the appointment of Eric Elliott as chief financial officer. Elliott will lead the strategic planning, implementation and management of Oceans’ financial operations.

With nearly two decades of health care finance experience, Elliott is a seasoned and dynamic leader in the industry. His career is marked by several achievements, including overseeing more than 100 acquisitions, extensive experience with joint venture financial management and scaling organizations’ growth from multi-million-dollar to billion-dollar companies.

“Eric is a great addition to our team – he understands the communities we serve and the teams who support our hospitals. He is the right fit to lead our financial operations to the next level as we focus on long-term expansion,” said Stuart Archer, CEO of Oceans Healthcare. “His acumen, deep industry expertise and forward-thinking mindset will be instrumental in propelling Oceans’ growth and operational excellence, while supporting our company’s mission of providing high-quality behavioral health care.”

Elliott began his career as an accountant and quickly advanced to assume positions of leadership. Most recently, he served as senior vice president of finance at Elara Caring, Inc., where he led the finance department in the areas of strategic planning and analysis, treasury management, and mergers and acquisitions modeling. He also spent nearly two decades at the LHC Group, a national provider of in-home health care services. There he held several leadership positions, progressing to senior vice president of finance, where he led the development of long-term strategic initiatives and drove exponential organizational growth.

Elliott earned his bachelor’s degree in accounting from Louisiana State University and his master’s degree in healthcare administration from Central Michigan University.

Oceans has doubled in size since 2017, due in large part to acquisitions, high-profile joint ventures, new facility development and the addition of new services. In the last year, the company cared for more patients than ever, opened five new behavioral health hospitals, acquired and expanded pharmacy services, and announced plans for three additional locations. Oceans now operates in three states and is preparing to expand into Oklahoma next year.

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