Behavioral health provider Summit BHC has appointed Todd Wyatt as its next chief financial officer, a strategic move for the company during a period of rapid growth. Wyatt joins Summit at a pivotal time as the provider continues to expand its footprint in the behavioral health sector through acquisitions, new facility openings, and key Summit BHC leadership hires.
Summit BHC has been on an aggressive growth trajectory in recent years. In January, the company announced the acquisition of seven psychiatric hospitals across six states from Strategic Behavioral Health, adding 613 inpatient psychiatric beds to its portfolio. This expansion strengthens Summit’s ability to deliver comprehensive mental health and substance use disorder care.
“Todd brings a wealth of financial knowledge and experience in high-growth health care service companies,” Brent Turner, CEO of Summit, said in a statement. “His extensive health care experience will be a valuable asset for Summit. We are excited to have him join our Summit BHC leadership team as we continue to advance our position in the behavioral health industry.”
Wyatt Brings Deep Financial Expertise
A certified public accountant by training, Wyatt has over 20 years of experience in finance and health care leadership. Before joining Summit, he served as CFO and senior vice president at Conifer Health Solutions, a company providing revenue cycle management and value-based care solutions. Wyatt’s experience in guiding health care organizations through growth and operational complexity positions him well to help Summit navigate the expanding behavioral health market.
Prior to Conifer Health Solutions, Wyatt spent 14 years at Acelity, a medical equipment manufacturing company, holding multiple leadership positions including CFO and SVP of business transformation. Wyatt replaces former CFO Chuck Edwards and joins a team dedicated to strengthening Summit BHC leadership across all operational areas.
“I am excited to join the talented team at Summit and help to fulfill their vision for the future of behavioral health care,” Wyatt said. “I see a promising, growth-filled future for Summit with caring people, an innovative culture, and expanding company footprint.”
Summit’s Continued Growth Strategy
Founded in 2013 and headquartered in Franklin, Tennessee, Summit BHC provides psychiatric and substance use disorder treatment to adults and adolescents. Its offerings include residential programs, acute psychiatric care, detoxification, partial hospitalization, intensive outpatient programs, health and wellness programs, and dual diagnosis treatment. The provider currently operates 32 inpatient facilities across 19 states.
Summit’s growth has been fueled not only by acquisitions but also by strategic investments in new facilities. In August, the company opened a 116-bed full-service psychiatric hospital in Garner, North Carolina, near Raleigh-Durham. The new facility, Raleigh Oaks Behavioral Health, reflects Summit’s strategy of targeting markets with strong demand for behavioral health services. “There is a supply/demand imbalance across all behavioral health sectors, including acute psychiatric hospitals,” Brent Turner noted. “Raleigh-Durham is experiencing strong growth and we believe Raleigh Oaks Behavioral Health will be an essential solution to mental health needs in that community.”
Leadership Expansion Supports Strategic Vision
In addition to Wyatt’s appointment, Summit has strengthened its executive team. In June, Clay Philips joined as senior vice president of strategy and managed care, bringing expertise in market analysis and payer partnerships. Earlier in April, Dr. Brian Brooker was named senior vice president of quality and compliance. These appointments demonstrate Summit’s commitment to building strong Summit BHC leadership that can guide the company through growth, quality care delivery, and operational innovation.
Private equity investment has also supported Summit’s expansion. In November, Patient Square, a Menlo Park-based firm, acquired Summit from FFL Partners and Lee Equity Partners in a deal valued at over $1 billion. The acquisition provides additional resources to pursue both de novo facility openings and strategic acquisitions, further strengthening Summit BHC leadership across finance, operations, and strategy.
Positioning Summit for the Future
With Wyatt joining as CFO, Summit BHC leadership is well-positioned to navigate the complex financial and operational demands of the behavioral health industry. His experience in high-growth health care organizations will support the company’s ongoing acquisitions, new facility development, and strategic initiatives.
Summit’s dual strategy of acquiring existing facilities and opening new hospitals allows it to meet the needs of underserved communities while solidifying Summit BHC leadership in the sector. As the company continues to expand, its executive team remains committed to delivering clinical excellence, operational innovation, and accessible care across its growing network.
With Todd Wyatt on board, Summit BHC leadership is poised to guide the company through a promising, growth-filled future in behavioral health.
