CEO of 360 Behavioral Health leaves, COO takes over on an interim basis

The CEO of 360 Behavioral Health, an autism therapy provider based in Chatsworth, California, is stepping down.

Rob Marsh told Autism Business News that he will transition to a board member role while he pursues other opportunities. Marsh stepped into the role of CEO in January 2022. His last day is April 30. Kate Sheldon-Princi will serve as interim CEO. She currently serves as Chief Operating Officer for 360 Behavioral Health.

Marsh was the third CEO since private equity firm DW Healthcare Partners acquired 360 Behavioral Health in a deal announced in August 2018. At the time, Dennis Kogod was CEO and executive chairman. He was succeeded by Paul Fischer, who led the company from February 2019 to November 2021, according to his LinkedIn profile.

Ali Sadeghi and Leili Zarbakhsh founded 360 Behavioral Health in 2003. Before the DW Healthcare Partners acquisition, it was called California Psychcare.

Early in Marsh’s tenure at 360 Behavioral Health, he oversaw a significant layoff at a time when other autism therapy companies were doing the same. At that time, long-term stagnant payer rates, the rapid expansion of several platform companies, and historic challenges in finding and retaining staff all collided.

Since then, the company has stabilized its business and seen rates and hiring trends improve. It also has its eye on growth, opening two locations in Nebraska. 360 Behavioral Health operates 21 autism therapy centers and nine support services locations in California. The latter offer respite and personal assistance, to name just a few services.

This is the third CEO transition of a major autism therapy provider in recent weeks.

ABN reported last week that Jason Owen, the CEO of KKR-backed autism therapy provider BlueSprig Pediatrics, was leaving to take a role at Envision Healthcare. BlueSprig lists 128 locations on its website. He has held the role since February 2022. KKR founded BlueSprig in 2018.

Also last week, Kathleen Stengel, CEO of NeurAbilities Healthcare, announced her departure. Council Capital, a Nashville-based private equity firm, invested an undisclosed amount in the company in 2018.