Five Arrows-backed The Stepping Stones Group to acquire EBS Healthcare.

Five Arrows-backed The Stepping Stones Group, a provider of therapeutic and behavioral services to children, agreed to acquire EBS Healthcare, a provider of clinic, school, and home-based behavioral and therapeutic services. Financial terms were not disclosed. "This transaction marks a major milestone in our investment thesis of scaling nationally to address the unmet needs of families, school districts and diagnosticians seeking a partner to deliver critical developmental services to children and adolescents. We are proud to support Stepping Stones' acquisitive growth strategy as they continue to expand the company's national footprint, service offerings and settings," Michael Langer, Five Arrows Partner.