PITTSBURGH, July 17,
2024 /PRNewswire/ -- Beacon Specialized Living
(Beacon), a leading provider of specialized services for
individuals with intellectual and developmental disabilities and
mental health needs, announced the acquisition of Community
Concepts Inc. and Community Visions, LLC. (CCI/CV), a leading
provider of residential and day support programs located in
Northern Virginia. This strategic
acquisition is Beacon's first in Virginia.
The Braff Group originated the transaction and served as
the exclusive financial advisor to CCI/CV.
CCI/CV has built a strong reputation for compassionate care and
innovative programs designed to support individuals with
disabilities in achieving their fullest potential. The acquisition
of CCI/CV aligns with Beacon's commitment to providing
person-centered care and expanding access to specialized services
across the country.
Beacon Specialized Living Services, part of The Vistria Group's
portfolio, is known for its comprehensive residential services that
promote independence and community integration for individuals with
intellectual and developmental disabilities and mental health
needs.
"Founded nearly twenty years ago, CCI and CV have been leaders
in providing residential, day support programs, behavior
consultation, and crisis support. Since the doors opened, Paula and
Robert's commitment to the people in their care, employees,
customers, and quality has never wavered," commented Nancy Weisling, The Braff Group Managing
Director that headed up the deal team representing CCI/CV. "The
acquisition of CCI/CV opens new territory for Beacon and can
support further expansion in Virginia."
About The Braff Group:
Founded in 1998, The Braff Group is the leading health care
advisory firm specializing exclusively in behavioral health, home
health, home care and hospice, health care staffing, home medical
equipment and pharmacy services. The firm has completed over
375 transactions and has been repeatedly ranked among the top five
health care mergers and acquisitions advisory firms. Visit
www.thebraffgroup.com and follow The Braff Group on LinkedIn.
Contact: Karen
Cullen kcullen@thebraffgroup.com
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SOURCE The Braff Group