RALEIGH, NC, January 19, 2021 / PRNewswire / – North Carolineheadquartered at Broadstep Behavioral Health, Inc., part of the Bain Capital Double Impact Fund portfolio, today announced the acquisition of South Carolinabased on the provider Excalibur Youth Services LLC.
Changing your thirst for Wisconsin for North Caroline in 2020, Broadstep is a leading national provider of residential and community services for individuals with intellectual, developmental and behavioral problems, including autism, mental illness and I / DD (intellectual and developmental disabilities).
During its 49 years of history, Broadstep has grown to more than 90 facilities serving more than 1,300 people in Wisconsin, Illinois, South Carolina, New Jerseyand Nebraska. In December 31, 2020, Broadstep announced a new expansion in Wisconsin through the acquisition of Good Hope Manor, an assisted living provider that serves mentally ill individuals with chronic and often debilitating medical conditions.
Excalibur, initially founded in 1989 as Avalonia Group Homes Inc., provides residential treatment services for I / DD and populations with severe mental illness in SC and a growing presence in NC. Since its inception, the company’s leadership has been provided by the Short family, founded by Dr. MJ Short, and later passed on to their children, Marvin J. Short and John M. Short. The founding family created and maintains a people-centered care environment, firmly focused on self-reliance and strengthening families through specialized programs, solid operating processes and relentless adherence to the highest quality care.
Excalibur currently operates six treatment facilities in SC, including three collective residences, two PRTFs and an Intensive Services Facility. The company also serves individuals in NC through its Level III group home for men located in Hendersonville. John Short will remain at Broadstep, leading operations, growth and expansion across the Southeast as regional vice president.
Broadstep President and CEO, Lynn Mason, states, “The addition of Excalibur to the Broadstep family expands our geographic reach and service capabilities within South Carolina. Together, our companies’ homes and services are centralized in three of the South Carolina Most populous MSAs, representing almost 25% of the state’s population and growing. “
According to the 2019 Ancor Foundation report, “The Case for Inclusion”, the SC Home and Community Services waiting list was 11,275 and is growing, meaning that service capacity would need to expand 110% in the state to meet these demand levels. According to the most recent market profiles published by OPEN Minds, the southeastern United States has seen a particular increase in the need for programs and services for people with behavioral health problems and / or developmental disabilities. Increasing the capacity to meet this demand is essential for both organizations. As noted by John Short, “Excalibur can help meet this growing need more efficiently and effectively with Broadstep.”
The combined company also expands Broadstep’s reach in NC and emphasizes Broadstep’s commitment to extending services across all of its current national regions, including the Southeast. Ms. Mason further states: “The combination of our two companies offers individuals and agencies the ability to work with a supplier to meet the broadest needs throughout the service continuum. Excalibur and John Short we bring a unique set of experience that complements our current offerings, specifically in the areas of nursing homes for senior management groups and intensive care services for young men. Along with our experience in I / DD and Persistent Serious Mental Illness, our newly combined companies will be equipped to offer a broader set of services to individuals within South Carolina and North Caroline. ”
To learn more about Broadstep, visit www.broadstep.com.
About Broadstep Behavioral Health, Inc.
Founded in 1972 and headquartered in Raleigh, NC, Broadstep brings 49 years of experience serving individuals with intellectual and developmental disabilities and mental illness in five states – Illinois, Nebraska, New Jersey, South Carolinaand Wisconsin. Broadstep is part of the portfolio of companies of the Bain Capital Double Impact fund (“BCDI”). BCDI invests in medium-sized companies focused on the mission, focusing on three main areas of impact: sustainability, health and well-being and education and workforce development. To learn more about BCDI, visit www.baincapitaldoubleimpact.com.
About Excalibur Youth Services and Avalonia Group Homes
Founded in 1989 by Dr. MJ Short, Excalibur Youth Services and Avalonia Group Homes operate seven residential treatment facilities and group homes in NC and SC. Using the concept of treatment at the home of a senior management group combined with residential care, Excalibur offers young people and adults the opportunity to become self-reliant individuals, promote resilience and strengthen families through a series of specialized programs.
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For additional information, contact: |
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John Tote, VP of Business Development |
[email protected] 919-219-3944 |
#Broadstep #Excalibur #NorthCarolina #SouthCarolina #IntellectualDevelopmentalDisabilities #IDD #Autism #MentalIllness #BainCapital #DoubleImpactFund #LynnMason #JohnShort #JohnTote
SOURCE Broadstep Behavioral Health, Inc.
Related Links
http://www.broadstep.com