Private equity firm WindRose Health Investors announced this week that a recapitalization of Traditions Behavioral Health has been completed with funds managed by WindRose. Traditions founder and CEO Gary A. Hayes, PhD, will remain in his current leadership role.
Based on the West Coast, Traditions provides permanent outsourced inpatient and outpatient psychiatric services to institutional and community-based programs. Traditions manages all aspects of psychiatric staffing for its clients, and with the additional capital, the company said in a news release that it plans to expand into new markets across the country.
This article originally appeared in an article on BehavioralHealthcareExecutive.