On June 28, LITALICO Inc. announced that it acquired Disability Centers of Nebraska (DDCN) for $50 Million. LITALICO will pay $29.5 million upfront and $20.5 million in an earn-out over three years.
DDCN is a Medicaid-certified disability services provider based out of Omaha, Nebraska. It provides care for persons with disabilities and/or behavioral disorders. It was founded in 2015 and has 17 group homes in Nebraska.
LITALICO is one of Japan’s largest intellectual and developmental disability (IDD) providers. According to the company’s financial reports, for the first quarter of 2024, LITALICO reported revenue of $7.72 billion.
Following the acquisition, LITALICO plans to expand DDCN’s reach in Nebraska. It will also use this purchase as an opportunity to learn about the IDD market in the United States, to promote future moves in the space. Consulting For Human Services provided advisory and due diligence services on the transaction.
According to data captured in the LevinPro HC database, this acquisition marks the 37th Behavioral Health Care transaction of 2024, and the first in the IDD specialty.
