UBS Remains Bullish as Civitas Solutions (CIVI) Reaffirms Full Year Guidance

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Go back to UBS Remains Bullish as Civitas Solutions (CIVI) Reaffirms Full Year Guidance

Civitas Solutions Reports Fiscal 2016 First Quarter Results

February 9, 2016 4:20 PM EST

BOSTON--(BUSINESS WIRE)-- Civitas Solutions, Inc. (NYSE: CIVI) today reported financial results for the fiscal first quarter ended December 31, 2015.

First Quarter Fiscal 2016 Highlights

First quarter net revenue increased 3.3% to $345.7 million; excluding at-risk youth ("ARY") divested operations net revenue increased by 5.3% First quarter Adjusted EBITDA decreased 10.3% to $36.3 million, primarily due to a previously announced $4.2 million benefit in the first quarter of fiscal 2015 First quarter net loss was $5.6 million, compared to a net loss of $3.4 million in the first quarter of fiscal 2015... More

Civitas Solutions Acquires Three Massachusetts Adult Day Health (ADH) Centers

February 9, 2016 4:15 PM EST

Transaction Enlarges Civitas ADH Programs in Boston; Provides Expansion into Worcester, New Englands 2nd Largest City

BOSTON--(BUSINESS WIRE)-- Civitas Solutions, Inc. (NYSE: CIVI) today announced the acquisition of three Massachusetts Adult Day Health (ADH) centers. The Dacha and Winter Gardens centers, located in the Brighton neighborhood of the City of Boston, enlarge Civitas ADH programming in Boston. The third center, Renaissance, operates in the City of Worcester, and provides Civitas entry into the ADH market in New Englands second largest city. The... More