Morgan Stanley and Petra Capital backs ABS
Summary
Alternative Behavior Strategies, a provider of services to children with autism spectrum disorders, has raised an undisclosed amount of funding. “We are excited to partner with Alternative Behavior Strategies, a leader in providing comprehensive care to children with autism, as they aim to meet this growing need for high quality services. “This additional capital will also allow us to invest in training and expanding our staff to keep up with the demand for our services, as well as deepen our outreach in the community to help even more children and families.” “We decided to partner with Morgan Stanley Expansion Capital and re-invest in ABS given the clear leadership position the company has established with its management and clinical teams, its use of innovative technology in the delivery of quality services and ABS’s proven execution to date. ABS provides therapy which is based on Applied Behavior Analysis (ABA), a successful evidence-based treatment for children with autism. Because ABS therapists spend as much as 80 percent of their time in the field providing therapy, the platform gives them real-time access to electronic clinical records, as well as to the collective wisdom of the company while treating a child, when this information is most vital.