Broadstep Behavioral Health has acquired Excalibur Youth Services, which operates six facilities in South Carolina.
Broadstep, which moved its headquarters from Wisconsin to North Carolina last year, provides resident and community-based services for individuals with intellectual, developmental and behavioral health conditions. The company’s portfolio includes more than 90 facilities in Wisconsin, Illinois, South Carolina, New Jersey and Nebraska.
Excalibur offers residential treatment services to I/DD and severely mentally ill patients, with three group homes, two psychiatric residential treatment facilities and one intensive services facility. Executive John Short will stay on board as regional vice president overseeing operations, growth and expansion across the Southeast for Broadstep.
The acquisition of Excalibur follows another recent deal for Broadstep. In December, the company reached an agreement to acquire Good Hope Manor, an assisted living provider in Wisconsin for mentally ill individuals with chronic and debilitating medical conditions.
The M&A market for healthcare companies continues to strengthen as we enter 2021. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
www.paragonventures.com
800-719-1555
