Japan’s largest intellectual and developmental disability provider, LITALICO, is entering the U.S. market by acquiring Developmental 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. Founded in 2005, LITALICO has 300 facilities across Japan. 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 U.S., in order to promote future moves in the space, according to a press release. DDCN was founded in 2015 and has 17 group homes in Nebraska.
Read the full article: Japan’s Largest IDD Provider Buys Developmental Disability Centers of Nebraska for $50M //
Source: https://bhbusiness.com/2024/06/28/japans-largest-idd-provider-buys-developmental-disability-centers-of-nebraska-for-50m/