Caltius Equity Partners, a Los Angeles-based private equity firm, has invested $15 million in SeniorBridge Family Companies, a home chronic care services provider based in New York City. The deal is the sixth investment out of Caltius’ second private equity fund, Caltius Equity Partners II LP.
Los Angeles, CA 12/17/2008 – Caltius Equity Partners is pleased to announce the closing of a $15.0 million investment in SeniorBridge Family Companies, Inc., the leading provider of complex chronic care management services in the home.
Founded in 2000, SeniorBridge offers comprehensive eldercare that addresses an individual’s medical, functional, psychosocial, and nutritional needs. The company utilizes a care management team of nurses, social workers, and certified caregivers to deliver high quality and safe care in the home 24 hours a day, 7 days a week, 365 days a year. SeniorBridge operates eighteen branches in nine states and is based in New York City.
“We look forward to working with SeniorBridge’s highly experienced management team in order to build on the company’s established and scalable platform,” noted Garrick Ahn, Managing Director of Caltius Equity Partners.
“Partnering with Caltius enables us to execute our short and long-term growth initiatives and continue our mission of ensuring the best quality of life for each of our patients,” commented Eric C. Rackow, M.D., President and CEO of SeniorBridge.
SeniorBridge is the sixth investment out of Caltius’ second private equity fund, Caltius Equity Partners II, LP.
Based in Los Angeles, Caltius Equity Partners has been making control and substantial minority equity investments in amounts ranging from $5 to $20 million since 1999. Caltius Equity Partners invests in small and mid-sized companies throughout North America to support management buyouts, growth financings, and corporate divestitures in a broad range of industries. For more information about our portfolio of transactions, please visit www.caltiusequity.com or call us at (310) 996-9566.