Daily News

View All News

DLH expands capabilities with acquisition

May 03, 2016

DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and solutions to the US government, acquired privately held Danya International, a provider of program management, consulting and digital communications solutions.

The $38.75 million transaction consists of $36.25 million of cash and $2.5 million of restricted common stock, subject to customary post-closing adjustments.

Danya will operate as a second wholly owned subsidiary of DLH Holdings Corp. Danya’s founder, Jeff Hoffman, will remain onboard as a strategic market advisor to DLH for a period of up to two years.

“We view the addition of Danya as transformative for DLH as it significantly enhances our capabilities and enables us to achieve multiple objectives of our growth plan,” DLH President and CEO Zachary Parker said. “The combination of these two companies creates a nationally recognized provider of technology-enabled solutions to the Federal Government.”

Dayna’s capabilities include managing, monitoring, and supporting large-scale healthcare and human services programs across the continuum of care and case management, according to Parker.

“From a strategic standpoint, this acquisition supports our growth strategy which calls for the expansion and diversification of our contract portfolio through both organic growth and acquisitions,” Parker said. “This transaction combines two highly complementary businesses with common core capabilities. Further, Danya’s technological capabilities have immediate applications within DLH’s current and future engagements, and support our expansive organic growth opportunities.”

Founded in 1996, Dayna is headquartered in Silver Spring, Md., with an office in Atlanta. Danya primarily supports federal health and education programs primarily within the Department of Health and Human Services.

Since 1999, Danya has supported Health and Human Services’ Office of Head Start under its flagship prime contract for the monitoring and evaluation of grants made under the Head Start program. Within Health and Human Services, Danya also serves the Centers for Disease Control and Prevention as well as the US Navy and the Department of Homeland Security. The company currently employs approximately 150 full-time employees.