Rob Marsh, the CEO of 360 Behavioral Health, an autism therapy provider based in Chatsworth, California, is stepping down from his role. He will be transitioning to a board member position while exploring other opportunities. Kate Sheldon-Princi, the current chief operating officer, will serve as the interim CEO following Marsh’s departure.
During Marsh’s tenure as CEO, significant changes took place within the company. A round of layoffs was implemented in response to stagnant payer rates, the rapid growth of various platform companies, and challenges in staff recruitment and retention. However, the business has since stabilized, with improved rates and hiring practices. The company is now focusing on expansion, with plans to open two locations in Nebraska.
The private equity firm DW Healthcare Partners acquired 360 Behavioral Health in August 2018. Dennis Kogod was the CEO and executive chairman at the time of the acquisition, followed by Paul Fischer who served as the CEO from February 2019 to November 2021. The company was founded in 2003 by Ali Sadeghi and Leili Zarbakhsh and was previously known as California Psychcare before the acquisition by DW Healthcare Partners.
This latest CEO transition is one of several leadership changes within the autism therapy industry, as leaders of other major providers like BlueSprig Pediatrics and NeurAbilities Healthcare have recently announced their departures.