In this session, the presenter will outline why behavioral health treatment centers are uniquely suited to become employee stock ownership plan (ESOP) companies. The ESOP structure creates a transition strategy for owners, provides retirement benefits for employees, and helps to drive long-term business success. There are several reasons an ESOP can be an attractive ownership transition strategy for social services companies, including: preserving owner legacy; attracting and retaining employees; and taking advantage of favorable state regulatory environments where available. In some cases, there are tax advantages as well. As awareness increases, it is anticipated that more companies will turn to this succession planning strategy.

Upon attending this session, participants will be able to:

• Define what an ESOP is and how it can work as a transition strategy.
• Describe the reasons an ESOP is a favorable alternative for behavioral treatment centers.
• Discuss how an ESOP is a retirement benefit for employees.