Broadstep Behavioral Health Receives Growth Investment From Bain Capital Double Impact

Broadstep Behavioral Health, a leading provider of programs and services to individuals living with intellectual, developmental, or behavioral disabilities, 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.

Long waiting lists for home and community-based services have grown more than 20% since 2016, leaving approximately 425,000 individuals with unmet needs. Broadstep continues to . . .