Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Alternative Behavior Strategies Receives Funding from Morgan Stanley Expansion Capital

Posted by fidest press agency su giovedì, 22 agosto 2019

Alternative Behavior Strategies (ABS), a leading provider of services to children with autism spectrum disorders, announced today it has received funding from private equity platform Morgan Stanley Expansion Capital along with Petra Capital Partners, investing in the next stage of ABS’ growth. The funding amount was not disclosed. Autism is one of the fastest growing developmental disorders. One in 40 children in the U.S. has been identified with autism spectrum disorder (ASD), according to the December 2018 issue of Pediatrics.i This is an increase from a study conducted in 2014 by the Centers for Disease Control and Prevention (CDC) that estimated about 1 in 59 children in the U.S. were identified with ASD.ii
ABS provides therapy which is based on Applied Behavior Analysis (ABA), a successful evidence-based treatment for children with autism. Earlier this year, ABS rolled out its ABS Virtual Office, the first smart phone-based platform to connect autism behavioral therapists to the information and knowledge they need—wherever they are—to enhance services and promote clinical excellence and advancement. 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.This fall, ABS will open its first comprehensive community-based center to provide adapted playgrounds and intensive therapy in all day sessions, so that working parents can bring their children for the day. This center is based in the Salt Lake City, Utah, area, with additional centers planned for other regions.


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