Child Health Holdings, a portfolio company of Clearview Capital, has acquired The Children’s Secret Garden, a provider of pediatric extended care services.
The Children’s Secret Garden (“TCSG”) operates a combined prescribed pediatric extended care (PPEC) and day care facility for children with chronically ill and/or medically complex conditions. The company is headquartered in Dover, DE (www.childrenssecretgarden.net).
Child Health Holdings (DBA Pediatric Health Choice) is the largest operator of prescribed pediatric extended care facilities in the country with 16 locations throughout Florida, Pennsylvania, Louisiana and Delaware. The company is based in Tampa (www.pediatrichc.com).
The closing of this transaction represents Pediatric Health Choice’s first add-on acquisition under Clearview’s ownership. “We expect the TCSG acquisition to mark the first of many acquisitions for us over the coming years,” said Steve Barry, Chief Executive Officer of Pediatric Health Choice. “We firmly believe the PPEC model provides the most clinically-effective and cost-efficient setting for chronically ill and/or medically complex children and adolescents, and we believe partnering with Pediatric Health Choice, due to our scale and reputation in the market, will remain an attractive option for smaller operators as the industry continues to consolidate.”
Clearview Capital invests in mid-sized manufacturing and service companies that have cash flow between $4 million and $20 million. Clearview has in excess of $250 million under management and is currently making investments through its committed fund, Clearview Capital Fund II, LP. The firm is headquartered in Old Greenwich, CT (www.ClearviewCap.com).
“We’re excited to announce our first add-on acquisition with Pediatric Health Choice’s management team,” said James Andersen, Managing Partner of Clearview. “The PPEC market is a highly fragmented, growing sector within the healthcare services industry and we will continue to actively pursue add-on acquisitions throughout the country, while maintaining rapid organic growth through de novo expansion.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-17-13
