Clearview’s Senior Care Centers Wraps Active Day Deal

Connecticut private equity firm Clearview Capital completed a merger between its portfolio company, Senior Care Centers of America, and Active Day Inc., that provides a network of care centers for adults in 11 states. Specifics on the deal were not publicized. The PE firm is currently investing through its second fund.

PRESS RELEASE:

Old Greenwich, CT, November 10, 2011 — Senior Care Centers of America, Inc., a portfolio
company of Clearview Capital, LLC, has completed its merger with Active Day, Inc. to create
the largest provider of adult day health services in the United States. The transaction closed on
November 2, 2011.
The merger combines the first and second largest adult day health providers to create a network
of 76 centers in 11 states serving over 3,600 clients per day. Active Day will operate as a
subsidiary of Senior Care, and Jim Donnelly, Senior Care’s CEO, will lead the combined
organization. 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, nutritious meals and therapeutic activities for elderly and disabled
adults.
“Active Day and Senior Care have both been leaders in adult day services and have been
providing quality care for many years in adjacent geographies. Combining our resources is a
natural step. Together we will continue to champion our cost-effective model and expand our
services to new markets,” said Mr. Donnelly.
“We congratulate the Senior Care team in completing this strategic merger. By combining with
Active Day, Senior Care has reinforced its position as the industry leader with best-in-class
service and a track record of impressive and consistent growth” said Bill Case, Partner of
Clearview. The transaction is the tenth add-on acquisition that Senior Care has made since
Clearview’s initial investment in 2005, and the company has increased fourfold in size during
this period. Senior Care expects to make additional acquisitions in the future both within its
current footprint and in new markets.
Clearview’s other holdings include Pediatric Health Choice, a provider of alternative site
healthcare services for children, Pyramid Healthcare, a provider of drug/alcohol and mental
health treatment services, The Results Companies, a leading business process outsourcing
company; All Tech Inspection/IESCO, a provider of mechanical integrity inspection and nondestructive
testing services for the refinery, petrochemical and power industries; EN
Engineering, a provider of engineering and design services to liquid and gas pipeline operators;
Rowmark, a manufacturer and marketer of specialty plastic sheet and related products for the
awards/recognition, engraving and signage markets; Air Cooled Exchangers, LLC, a
manufacturer of air cooled heat exchangers; Hillsdale Furniture, a designer and importer of
wood and metal furniture; and a minority interest in CPG International, the leading extruder of
thick gauge polyolefin and PVC sheet, including AZEK® brand trim boards and decking
products.
Clearview Capital, LLC is a private investment firm specializing in the acquisition and recapitalization of North
American companies with operating profits of $4-20 million. The firm’s principals have a long and successful track
record of completing transactions and of working collaboratively with management to create and realize value.
Clearview has in excess of $250 million under management and is currently making investments through its
committed fund, Clearview Capital Fund II, LP.