Bain Portfolio Company Broadstep Purchases Coastal Southeastern United Care

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 […]

Transactions: Caravel’s Latest Acquisition; Helios Helps Recapitalize 32-Facility Behavioral Portfolio

Caravel deepens Wisconsin footprint with acquisition Caravel Autism Health is expanding services in its home state of Wisconsin with the purchase of the Center for Autism Treatment, which is based in the Milwaukee suburb of Mequon. Terms of the deal were not released. Overall, Caravel operates more than 40 centers across Wisconsin, Idaho, Illinois, Iowa, […]

Transactions: Bain-Backed Broadstep Acquires Youth Treatment Provider; Summit BHC Expands in Virginia

Broadstep purchases youth-focused behavioral operator Raleigh, North Carolina-based Broadstep Behavioral Health — a provider of community and residential services to individuals with intellectual and developmental disabilities (IDD), as well as behavioral health conditions — has announced its acquisition of the South Carolina-based residential treatment provider Excalibur Youth Services. Terms of the deal were not disclosed. […]