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Weekly News Wire | January 13, 2019

Centerbridge To Acquire Civitas Solutions In $1.4 Billion Deal

On December 18, 2018, Civitas Solutions, Inc. announced it entered a definitive merger agreement valued at $1.4 billion to be acquired by funds advised by Centerbridge Partners, L.P. Civitas provides home- and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities, and other special needs. Centerbridge will acquire all outstanding shares of Civitas common stock at $17.75 per share. The acquisition is expected to be completed by March 31, 2019, the end of the second fiscal quarter.

Civitas was founded in 1980 with a single residential facility. It currently operates as . . .

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