Audax-backed Active Day makes two acquisitions

Active Day, which is backed by Audax Private Equity, has acquired Massachusetts-based Community VNA, a provider of adult-day health services to senior citizens; and Ohio-based Our Father's House, a provider of adult day health services to individuals with developmental disabilities.

Active Day, which is backed by Audax Private Equity, has acquired Massachusetts-based Community VNA, a provider of adult-day health services to senior citizens; and Ohio-based Our Father’s House, a provider of adult day health services to individuals with developmental disabilities. No financial terms were disclosed.

PRESS RELEASE

Audax Private Equity portfolio company, Active Day, acquires Community VNA and Our Father’s House

The Company
Community VNA (“CVNA”) is a provider of adult day health services to senior citizens with three locations in Massachusetts. Our Father’s House (“OFH”) is a provider of adult day health services to individuals with developmental disabilities with one location in Ohio.

The Deal
Active Day, a portfolio company of Audax Private Equity (“Audax”), has acquired CVNA and OFH. These transactions represent Active Day’s 18th and 19th acquisitions since Audax’ initial investment in December 2015.

The Thesis
In December 2015, Audax partnered with Active Day, a leading provider of adult day health and home care services. These acquisitions exemplify Active Day’s strategy of partnering with centers and growing density in existing markets. Active Day plans to build on its current market position and accelerate growth by leveraging its existing operational knowledge and marketing network to drive center membership.