Broadstep Behavioral Health has had a busy 2021, acquiring regional care providers and expanding its multi-state reach. As the year enters the home stretch, the company is showing no signs of slowing down, as it has struck a deal to buy another provider.
The Raleigh, North Carolina-based Broadstep — which serves individuals with intellectual and developmental disorders (I/DD), mental illnesses and co-occurring disorders — has announced the purchase of Shallotte, North Carolina-based Coastal Southeastern United Care (CSEUC).
Terms of the deal were not disclosed.
Established in 2010, CSEUC provides behavioral health services and substance use disorder (SUD) treatment to adults, adolescents and children to ten counties in North Carolina, as well as Dillon County in South Carolina. CSEUC provides individual, group and family therapy to patients, along with various services such as medication-assisted treatment (MAT) and psychiatric assessments.
“The core values of the Coastal Southeastern United Care team include accountability, integrity, innovation, and commitment to the communities we serve,” Stacy Williamson, the CEO and former co-owner of CSEUC, said in a press release announcing the deal. “Our employees derive their commitment and dedication from years of providing excellent service. We have witnessed clinical outcomes of our services and have seen how they positively impact people’s lives and our communities.”
The acquisition of CSEUC follows other deals Broadstep has made throughout 2021 for providers across the behavioral health care spectrum.
A portfolio company of Bain Capital’s Double Impact Fund, Broadstep kicked off the year with its January purchase of South Carolina-based residential treatment provider Excalibur Youth Services.
Several months later, Broadstep would deepen its footprint in the Palmetto State with the May acquisition of Pinelands Group Homes, a Summerville, South Carolina-area provider of programs for children and adolescents with significant behavioral, emotional, familial and/or social functioning impairments.
In a seeming trend of Broadstep striking deals for each new season this year, the provider followed its winter purchase of Excalibur and spring acquisition of Pinelands with a summer deal with Bethesda Lutheran Communities (BLC).
For the July deal with Watertown, Wisconsin-based BLC — which serves I/DD individuals in hundreds of programs across 13 states — Broadstep purchased the provider’s residential and support programs in Illinois, Indiana and Wisconsin.
Now, as the fall season arrives, the CSEUC acquisition ups Broadstep’s national profile, with the provider currently offering services across seven states.
“We are pleased to welcome Coastal team members and the individuals they serve into the Broadstep family,” Broadstep President and CEO Lynn Mason said in the press release for the CSEUC deal. “Together, we look forward to addressing the many challenges facing behavioral healthcare and continuing to improve the lives of people with intellectual and developmental disabilities.”