M&A Deal Summary

Civitas Solutions Acquires Cassell & Associates

On January 14, 2015, Civitas Solutions acquired healthcare services company Cassell & Associates from Lakeview Management

Acquisition Highlights
  • This is Civitas Solutions’ 4th transaction in the Healthcare Services sector.
  • This is Civitas Solutions’ 4th transaction in the United States.
  • This is Civitas Solutions’ 1st transaction in Michigan.

M&A Deal Summary

Date 2015-01-14
Target Cassell & Associates
Sector Healthcare Services
Buyer(s) Civitas Solutions
Sellers(s) Lakeview Management
Deal Type Divestiture

Target

Cassell & Associates

Novi, Michigan, United States
Cassell & Associates LLC is a provider of non-residential therapeutic vocational services to individuals recovering from brain injuries.

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Buyer(S) 1

Buyer

Civitas Solutions

Boston, United States

Category Company
Founded 1980
Sector Healthcare Services
Employees22,300
Revenue 1.5B USD (2017)
DESCRIPTION

Civitas Solutions is a 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 was established in 1980 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 14
Sector (Healthcare Services) 4 of 12
Type (Divestiture) 1 of 1
State (Michigan) 1 of 2
Country (United States) 4 of 14
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Capstone Services

Saint Paul, Minnesota, United States

Capstone Services LLC is a provider of services to individuals with intellectual and developmental disabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 Tender Loving Care of Duluth

Duluth, Minnesota, United States

Tender Loving Care of Duluth, Inc. is a provider of services to individuals with intellectual and developmental disabilities.

Buy -

Seller(S) 1

SELLER

Lakeview Management

Waterford, Wisconsin, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Lakeview Management, Inc. is a provider of health and human services for intellectual, developmental, physical or behavioral disabled human.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1