By Particular Press Launch
BTST Companies (BTST) is happy to announce an funding by Webster Fairness Companions (Webster). BTST would be the preliminary pillar group for Webster’s new Group Behavioral Well being Companies (CBHS) platform. The funding in BTST is in help of its future progress and is being finished in partnership with the Firm’s long-time homeowners and operators Chris Simon and Jada McCray.
BTST is a number one supplier of community-based behavioral well being providers within the state of Maryland, offering providers throughout 11 counties all through the state. BTST has a scalable care supply mannequin that permits its clinicians and therapists to conduct psychological evaluations and medicine appointments in a wide range of care settings together with faculties, the house, just about, a wide range of community-based settings, and at Firm-operated clinics. The Firm gives its providers inside an underserved and predominantly Medicaid inhabitants and has a heavy emphasis on serving kids and younger adults. The Firm’s concentrate on medical excellence and rising its variety of entry factors has yielded a differentiated fame within the communities that it serves and establishes the group as a beautiful first anchor of a bigger multi‐state technique.
BTST was based by Chris Simon in 2008, and has grown over the past 15 years to incorporate a number of providers and places. “We’re consistently in search of methods to enhance and develop,” stated Simon. “Now we have very formidable strategic targets for our group and are excited to associate with Webster to assist in conducting the enlargement of our providers and an enhanced degree of entry to look after our affected person inhabitants.”
BTST represents the founding funding for Webster’s entry into the community-based behavioral well being sector and its sixth behavioral well being platform. With the continuing help of Webster, a Boston-based non-public fairness agency centered on the healthcare business, BTST would be the founding pillar of a multi-state community-based behavioral well being platform. The purpose might be to additional construct on BTST’s success in Maryland by increasing their presence within the state by including extra places and providers. The platform may also search to develop into different states and geographies exterior of Maryland by buying different best-in-class suppliers that share in the identical targets and values as BTST and Webster. Past capital, Webster brings extra assets to the partnership, together with a large community of business executives and working companions, finest practices in scaling and professionalizing organizations, and a protracted observe file of investing within the behavioral well being sector.
Jada McCray, chief working officer of BTST stated, “Psychological Well being is our ardour. We attempt to supply providers that keep the dignity and respect of our shoppers. Our refusal to compromise the usual of care whereas efficiently navigating an ever altering world has allowed us to develop into one of many main psychological well being suppliers in our area. It was necessary for us to discover a capital associate that shares those self same values. Webster understands behavioral well being and has efficiently labored with different corporations like BTST to not solely present capital however present experience that can assist us develop each organically and thru acquisitions.”
About BTST
BTST is a CARF accredited licensed psychological well being company offering complete programing and built-in care to kids, teenagers and adults all through the State of Maryland. BTST works to remain on the slicing fringe of technological developments to supply our shoppers with essentially the most environment friendly and accessible care, in an ever-changing society. (https://www.btstservices.com/)
About Webster Fairness Companions
Based in 2003, Webster is a non-public fairness agency that focuses on excessive affect progress methods that search to ship optimum outcomes for our traders, portfolio corporations and the communities that we serve. Our mission is to ship superior returns to our companions by means of the funding in and growth of objective pushed patient-centric healthcare organizations devoted to offering finest of sophistication medical care and repair to their sufferers. (https://websterequitypartners.com/)
