NC-based behavioral healthcare company acquires operations in SC
January 19, 2021
North Carolina-based Broadstep Behavioral Health, Inc., part of the Bain Capital Double Impact Fund’s portfolio, announced today its acquisition of South Carolina-based provider, Excalibur Youth Services LLC.
Broadstep is a leading national provider of residential and community-based services to individuals with intellectual, developmental, and behavioral health conditions, including autism, mental illness, and I/DD (intellectual and developmental disabilities).
During its 49-year history, Broadstep has grown to over 90 facilities serving more than 1,300 individuals in Wisconsin, Illinois, South Carolina, New Jersey, and Nebraska.
Excalibur, initially founded in 1989 as Avalonia Group Homes Inc., provides residential treatment services to I/DD and severely mentally ill populations throughout South Carolina and has a growing presence in North Carolina. Since its inception, company leadership has been provided by the Short family, founded by Dr. MJ Short, and subsequently passed to his sons, Marvin J. Short and John M. Short. The founding family created and maintains an environment of people-centered care, focused on self-reliance and strengthening families, strong operational processes, and quality care.
Excalibur currently operates six treatment facilities in SC, including three group homes, two PRTFs, and one Intensive Services Facility. The company also serves individuals in NC through its Level III group home for males located in Hendersonville. John Short will remain with Broadstep, leading operations, growth, and expansion across the southeast as Regional Vice President.
The combined company also expands Broadstep’s reach into NC and emphasizes Broadstep’s commitment to extending services throughout its current national regions, including the southeast.
About Broadstep Behavioral Health, Inc.
Founded in 1972 and based in Raleigh, NC, Broadstep brings 49 years of experience serving individuals with intellectual and developmental disabilities and mental illness across five states – Illinois, Nebraska, New Jersey, South Carolina, and Wisconsin. Broadstep is part of the Bain Capital Double Impact (“BCDI”) fund’s portfolio of companies. BCDI invests in mission-driven, middle-market companies focused on three primary impact areas: sustainability, health & wellness, and education & 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 high management group home concept of treatment combined with residential care, Excalibur provides youth and adults with the opportunity to grow into self-reliant individuals, promotes resiliency, and strengthens families through a continuum of specialized programs.
