360 Behavioral Health, based in Chatsworth, California, has announced that Rob Marsh will be stepping down as CEO. Marsh took over the position in January 2022 and will officially leave on April 30. Kate Sheldon-Princi, who currently serves as the chief operating officer at the company, will serve as the interim CEO.
The company was acquired by private equity firm DW Healthcare Partners in 2018 and has undergone several leadership changes since then. Dennis Kogod served as CEO and executive chairman after the acquisition until November 2021 when Paul Fischer took over the role. Ali Sadeghi and Leili Zarbakhsh founded the company in 2003 under the name California Psychcare before it was acquired.
During his tenure as CEO, Marsh oversaw a significant layoff process due to stagnant payer rates and challenges in recruitment and retention faced by the company. However, since then, business has stabilized with improved rates and hiring trends. The company is now focused on growth with plans to open two locations in Nebraska in addition to its current 21 autism therapy centers and nine ancillary support services locations in California.
Recent industry news has seen multiple CEO transitions including Jason Owen of BlueSprig Pediatrics who left to take a role at Envision Healthcare after leading BlueSprig since 2018 under KKR ownership. Kathleen Stengel also departed NeurAbilities Healthcare which received an investment from Council Capital in 2018.
