Active Day/Senior Care, a portfolio company of Clearview Capital, has completed the acquisition of Young at Heart, a senior care facility located in Brick Township, NJ. Consistent with Clearview’s branding process, the name of the newly acquired center has been changed to Senior Care of Brick. With this acquisition, Active Day/Senior Care now operates 12 adult day health centers in New Jersey.
“Senior Care’s twelfth acquisition cements the company’s dominant position in New Jersey”, said James Andersen, Clearview Capital’s Co-Managing Partner. “As the pipeline of targets continues to grow management expects growth by acquisition to remain an important part of the company’s strategy.”
Active Day/Senior Care is a provider of adult day health services with more than 75 centers in eleven states. Designed to be a cost effective alternative to home health services, nursing homes and assisted living facilities, the company’s centers offer a daytime program of nursing care, social services, meals and recreational activities to elderly and disabled adults. The company is headquartered near Philadelphia in Trevose, PA (www.seniorcarectrs.com).
In addition to its investment in Active Day/Senior Care and the adult daycare market, Clearview Capital is actively seeking to add to its other health care services investments in St. Croix Hospice, a provider of end-of-life palliative care for patients suffering from a life-limiting illness or terminal disease; Child Health Holdings (dba Pediatric Health Choice), an operator of Prescribed Pediatric Extended Care centers for medically complex children; and Pyramid Healthcare, a provider of substance abuse and mental health treatment programs for adults and adolescents.
Clearview Capital was founded in 1999 by Jim Andersen and Cal Neider and is headquartered in Old Greenwich, CT with additional offices in Chicago and Los Angeles (www.ClearviewCap.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-18-14
