WACO, TEXAS — New Era Partners, a division of Texas-based development and investment firm New Era Cos., has acquired* the 48-bed Oceans Behavioral Hospital in Waco. The newly built facility provides both inpatient and outpatient mental health treatments. New Era acquired the asset as part of a portfolio of healthcare properties that includes three behavioral hospitals that are operated by Oceans Healthcare. The Plano-based provider has about 25 behavioral health facilities in Texas, Louisiana and Mississippi. The seller was not disclosed.

* NOTE: This article inaccurately states that New Era acquired the Waco Ocean’s property. In fact, we are developing and own this facility.