Inperium, Inc. has entered a binding letter of intent with Shelby Residential and Vocational Services, Inc. (“SRVS”), the largest provider of services for individuals with disabilities in West Tennessee. The affiliation with SRVS will be Inperium’s first in Tennessee.
Tyler Hampton, Executive Director of SRVS, commented: “This affiliation between SRVS and Inperium is an important next step in continuing and expanding the mission we have pursued for the past sixty years: to provide the services that people with disabilities need to live meaningful lives as members of their community.”
Discussing this latest transaction, Inperium Chief Executive Ryan Smith commented: “The transaction with SRVS was our third so far this calendar year, and each of these enabled Inperium to enter a new state. Our pipeline of new affiliation opportunities remains robust, and I anticipate accelerated activity as we continue to expand the depth and breadth of services available to people in need through the Inperium Constellation.”
The SRVS transaction, which is expected to close on or before October 31, 2022, conditioned upon applicable state approvals, will add approximately $30 million to Inperium’s consolidated revenues, which total $350 million on an annualized basis.