Broadstep Behavioral Health, Inc.
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Broadstep Behavioral Health, Inc. - overview
Established
1972
Location
Raleigh, NC, US
Primary Industry
Healthcare Specialists
About
Broadstep Behavioral Health, Inc. specializes in providing behavioral healthcare and supportive living services for individuals with intellectual and developmental disabilities, mental health issues, and co-occurring disorders across several U. S. states.
Broadstep Behavioral Health, Inc. was founded in 1972 and is headquartered in Raleigh, US. The company focuses on delivering behavioral healthcare services tailored to the needs of individuals facing various challenges. Lynn Mason serves as the CEO.
In May 2020, Bain Capital invested an undisclosed amount in Broadstep, which has facilitated the company’s growth. Broadstep offers a comprehensive range of behavioral healthcare and supportive living services designed to assist individuals with intellectual and developmental disabilities (I/DD), mental illness, and co-occurring disorders. Their core offerings include residential services that operate 24/7, community-based programs, and day and vocational services aimed at fostering social and professional skills. These services are tailored to meet the unique needs of children, adults, and families, ensuring that participants receive individualized care within supportive environments.
Broadstep's programs are designed to create safe and encouraging spaces, promoting personal growth and development. The company serves clients across multiple states in the United States, including Illinois, North Carolina, and South Carolina, making it accessible to a diverse clientele in various geographic locations. Broadstep's revenue model is structured around providing specialized behavioral healthcare services through direct client engagement and partnerships with state agencies and organizations. The company generates revenue primarily via service contracts and agreements with governmental and private entities, typically involving a fee-for-service structure.
This arrangement allows Broadstep to deliver tailored care, with payments made for specific services rendered, such as residential support and therapeutic interventions. By focusing on high-quality, individualized services, Broadstep fosters long-term relationships with clients and partners, ensuring a steady stream of revenue through ongoing service agreements. The company's commitment to excellence and accountability enhances its reputation, facilitating continued growth and sustainability in its operations. Broadstep is focused on future growth through the development of new products and services aimed at enhancing its service offerings for individuals with behavioral health needs.
The company plans to expand its geographic reach into additional states across the U. S. to serve a larger population by 2025. Recent investment from Bain Capital is expected to support these initiatives, enhancing Broadstep's capacity to deliver high-quality care and expand into new markets.
Current Investors
Bain Capital
Primary Industry
Healthcare Specialists
Sub Industries
Drug Stores/Convenience Stores, Clinics/Outpatient Services, Mental Health Services
Website
www.broadstep.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Broadstep Behavioral Health, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Pinelands Group Homes, Inc. | - | ||||||||
| Add-on | Completed | Excalibur Youth Services, LLC | - | ||||||||
| Recapitalisation | Completed | Broadstep Behavioral Health, Inc. | - |
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