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Broadstep Behavioral Health Receives Growth Investment from Bain Capital Double Impact

May 20, 2020•over 5 years ago
Raleigh

Description

Broadstep Behavioral Health, a leading provider of programs and services to individuals living with intellectual, developmental or behavioral disabilities, today announced it has received a significant investment from Bain Capital Double Impact. Broadstep, which formerly operated as Phoenix Care Systems, Inc., is partnering with the impact investing business of Bain Capital to further expand its integrated, high-quality care into adjacent services and new markets. Financial terms of the private transaction were not disclosed.

Company Information

Company

Broadstep Behavorial Health

Location

Raleigh, North Carolina, United States

About

Broadstep Behavioral Health provides a continuum of physical, emotional, and mental support for children and adults with intellectual and development disabilities (I/DD), mental illness, and co-occurring disorders. Founded in 1972, Broadstep has grown to now serve more than 1,300 individuals in 86 facilities across Wisconsin, North Carolina, New Jersey, Illinois and South Carolina. With outcomes rooted in discovering and championing personal definitions of progress, our individuals, families, caregivers, and neighbors are building more and more communities people can call home. Visit https://www.broadstep.com/ to learn more.