Active Day/Senior Care, a portfolio company of Clearview Capital, has closed its buy of Young at Heart. No financial terms were disclosed for the the transaction, which was completed on March 3, 2014. Based in Brick Township, NJ, Young at Heart is a provider of adult day health services.
Old Greenwich, CT, March 17, 2014 — Active Day/Senior Care, Inc. (“Active Day/Senior Care” or the “Company”), a portfolio company of Clearview Capital, LLC, has completed the acquisition of Young at Heart of Brick Township, NJ. The transaction closed on March 3.
Active Day/Senior Care is the premier provider of adult day health services in the United States 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 state-of-the-art centers offer a daytime program of nursing care, social services, meals and recreational activities to elderly and disabled adults.
Consistent with its branding process, the name of the newly acquired center has been changed to Senior Care of Brick. With this acquisition, the Company now operates 12 adult day health centers in New Jersey, with its first center in County.
“Young at Heart has been serving the community for many years and Senior Care looks forward to continuing this mission with the same level of care and commitment to those needing these valuable services. We are excited and pleased to be a part of the future of Senior Care of Brick” said Jim Donnelly, CEO for Senior Care.
“Senior Care’s twelfth acquisition cements the Company’s dominant position in New Jersey”, said James G. 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.”
In addition to its investment in Active Day/Senior Care and the adult daycare market, Clearview Capital is actively seeking opportunities to add to its other health care services investments in St. Croix Hospice, LLC, a leading provider of high quality, end-of-life palliative care for patients suffering from a life-limiting illness or terminal disease; Child Health Holdings, Inc. d.b.a. Pediatric Health Choice, the country’s largest operator of Prescribed Pediatric Extended Care centers for medically complex children; and Pyramid Healthcare, Inc., a rapidly growing provider of substance abuse and mental health treatment programs for adults and adolescents, as well as to establish new platform companies in the health care services arena.
Clearview Capital’s other holdings include Novik, Inc., a leading designer, manufacturer and distributer of innovative polymer exterior siding, roofing coverings and accessories that replace traditional materials; QC Supply, LLC, a leading wholesale distributor to the swine and poultry markets; Battenfeld Technologies, Inc., a leading designer, developer and supplier of branded shooting and hunting accessories to the outdoor sporting goods industry; GCR, Inc., a professional services firm delivering consulting services and technology solutions to governmental and commercial clients; The Results Companies, LLC, a provider of customized inbound and outbound customer support services and management solutions; and QualSpec Group (f.k.a. All Tech IESCO), a provider of mechanical integrity inspection and non-destructive examination services for the refining, petrochemical, power generation and other industries.
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