Oaks and Preferred Announce Affiliation
Transaction
Oaks Integrated Care ("Oaks") has entered into a definitive affiliation agreement with Preferred Behavioral Health of NJ, Inc. ("Preferred"). The affiliation unifies two private, nonprofit health and social service agencies dedicated to serving children, adults and families living with a mental illness, addiction or developmental disability in New Jersey. Affiliating will allow the organizations to expand geographically, strengthen service delivery and maximize efficiencies. Terms of the affiliation agreement were not disclosed but included Preferred establishing Oaks as the sole member of Preferred. Angler West initiated this transaction and provided advisory services pursuant to an agreement with Oaks.
About Oaks
With consolidated revenues approximating $125 million, over 2,200 employees, and nearly 200 programs serving 42,000 people, Oaks Integrated Care is one of New Jersey's most comprehensive human service providers. Additional information concerning Oaks may be found on its website: http://www.oaksintcare.org
About Preferred
Preferred provides a comprehensive range of services needed to improve and maintain mental health and healthy lifestyles for children and adults in eight New Jersey counties. Additional information concerning Preferred may be found on its website: http://www.preferredbehavioral.org