New Platform to Provide Quality-Centric ABA Services
HOUSTON--(BUSINESS WIRE)-- KKR today announced the creation of Blue Sprig Pediatrics, Inc. ("Blue Sprig" or the "Company"), a platform of clinics providing Applied Behavior Analysis ("ABA") for children diagnosed with Autism Spectrum Disorder ("ASD"). The Company intends to open new clinics and partner with existing providers to fulfill the unmet need for compassionate and high-quality interventions for ASD patients nationwide.
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Keith Jones, a proven leader in the pediatric health care services continuum, will serve as Chief Executive Officer of Blue Sprig. Most recently, Mr. Jones served as Chief Operating Officer at PSA Healthcare ("PSA"), a pediatric home nursing business with multi-state operations. During his six-year tenure at PSA, Mr. Jones engineered a turn-around of the company that resulted in expanded access to care for patients and significant growth in the business.
"With 1 in every 68 children diagnosed with ASD, there is a large and growing population that, unfortunately, is currently under-served," said Keith Jones. "Our hope is that, as a scaled platform providing ABA services, we can advocate for the resources that patients need, invest in additional research to advance understanding and treatment of these children, and ultimately make a difference in their quality of life and ability to contribute to society as a whole."
"We are excited to partner with Keith and the rest of the team at Blue Sprig on the important mission to provide critical care to millions of children," said Ali Satvat, Member of KKR and Head of KKR's Health Care Strategic Growth investing efforts. "We look forward to supporting Blue Sprig with the resources and capital needed to accelerate its expansion plans and invest in clinical quality and access to care."
For KKR, the investment is being funded through KKR's Health Care Strategic Growth Fund, which is focused on investing in high-growth health care-related companies for which KKR can be a unique partner in helping reach scale.
ABOUT BLUE SPRIG PEDIATRICS, INC.
Headquartered in Houston, Texas, Blue Sprig is a rapidly growing provider of high-quality ABA services to children with Autism Spectrum Disorder. Blue Sprig is committed to providing compassionate, individualized, and evidence-based behavior analytic services. For additional information about Blue Sprig or to receive updates, please visit www.bluesprigpediatrics.com.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic manager partnerships, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners' capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.
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Kristi Huller or Cara Kleiman Major
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