Civitas Solutions Enters Into Definitive Merger Agreement To Be Acquired By Centerbridge For $17.75 Per Share In Cash

Civitas Solutions, Inc. (Civitas) recently announced it has entered a definitive agreement to be acquired by Centerbridge Partners, L.P. (Centerbridge) for $17.75 in cash per share of Civitas common stock—totaling about $1.4 billion.

Citing the reason for the acquisition, Centerbridge referenced its history of compassionate care and putting individuals first, stating that it believes the acquisition will help to ensure the highest quality lives for consumers. Civitas leadership also expressed their anticipation that the acquisition will deliver greater value to the organization’s shareholders, as well as bolster its ability to execute its long-term growth . . .