Civitas Solutions Announces Acquisition of Unique Options, Michigan Provider of Vocational Rehabilitation Services for Indivi...
December 21 2017 - 8:54AM
Business Wire
Civitas Solutions, Inc. (“Civitas”) (NYSE: CIVI) today announced
that it successfully completed the acquisition of Unique Options,
LLC, a provider of vocational rehabilitation services for
individuals who have sustained traumatic brain injuries (TBI) in
the state of Michigan.
Founded in 2004 and located in Warren, Michigan, Unique Options
supports more than 100 individuals in metropolitan Detroit through
community-based programming focused on training and employment
placements for individuals who have experienced a TBI. Unique
Options generates annual revenues of approximately $5 million.
Civitas entered the attractive Michigan market for brain injury
services in 2013 via acquisition and has now acquired a total of
seven high-quality providers that are part of the Company’s
Specialty Rehabilitation Services (SRS) segment. Since that time,
Civitas has leveraged its platform in the Michigan SRS market to
drive organic growth and expand its impact in the state.
“Unique Options has a compelling track record of helping the
individuals they support achieve successful, long-term employment,
making it an excellent addition to our SRS programs in Michigan,”
said Bruce Nardella, president and CEO of Civitas Solutions. “We
are pleased to welcome the Unique Options team and the individuals
they support to Civitas.”
Forward-Looking Statements
This press release contains statements about future events and
expectations that constitute forward-looking statements, including
statements about the expected benefits of the transaction,
expansion projects and expected growth. Forward-looking statements
are based on our beliefs, assumptions and expectations, taking into
account the information currently available to us. These statements
are not statements of historical fact. Forward-looking statements
involve risks and uncertainties that may cause our actual results
to differ materially from our expectations, and you should not
place undue reliance on such statements. Factors that could
contribute to these differences include, but are not limited to,
unanticipated transaction costs and our inability to successfully
integrate the Unique Options business with our business, and the
other factors described in “Risk Factors” in Civitas Solutions,
Inc.’s Form 10-K. We qualify any forward-looking statements
entirely by these cautionary factors. We assume no obligation to
update or revise any forward-looking statements for any reason, or
to update the reasons actual results could differ materially from
those anticipated in these forward-looking statements, even if new
information becomes available in the future.
About Civitas
Civitas Solutions, Inc. is the leading national provider of
home- and community-based health and human services to must-serve
individuals with intellectual, developmental, physical or
behavioral disabilities and other special needs. Since our founding
in 1980, we have evolved from a single residential program to a
diversified national network offering an array of quality services
in 36 states.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171221005499/en/
Civitas Solutions, Inc.Dwight Robson, 617-790-4800Chief Public
Strategy and Marketing
Officerdwight.robson@civitas-solutions.com
Civitas Resources (NYSE:CIVI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Civitas Resources (NYSE:CIVI)
Historical Stock Chart
From Sep 2023 to Sep 2024