Civitas Solutions Announces Acquisition of Unique Options, Michigan Provider of Vocational Rehabilitation Services for Individuals Recovering from Brain Injuries
BOSTON--(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.”
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.
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.
Civitas Solutions, Inc.
Dwight Robson, 617-790-4800
Chief Public Strategy and Marketing Officer
Source: Civitas Solutions, Inc.