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Clearview Capital Buys Child Health Holdings

Clearview Capital has acquired Child Health Holdings from Harbert Private Equity, the firm announced. Tampa-based Child Health, which does business as Pediatric Health Choice, provides health care services for medically complex, technology-dependent and behaviorally challenged children. The deal closed on September 2. Terms were not released.

Clearview Capital today announced that it has acquired Child Health Holdings, Inc. from Harbert Private Equity. Headquartered in Tampa, FL Child Health Holdings, d.b.a. Pediatric Health Choice, is the premier provider of alternative-site health care services for medically complex, technology-dependent and behaviorally challenged children. The transaction closed on September 2nd.

Child Health Holdings is the third platform investment Clearview has established in the past nine months.

Clearview Capital is a Connecticut-based private equity firm with investments in various industries including health careservices. Clearview’s health care investments include Senior Care Centers of America, the country’s second largest provider of medically intensive adult day health and social services, and Pyramid Healthcare, a provider of drug/alcohol and mental health treatment for adults and adolescents, which was acquired by Clearview in July.

With 15 centers in Florida, Pennsylvania and Louisiana, Pediatric Health Choice is the country’s largest operator of prescribed pediatric extended care (PPEC) centers, a service line the company pioneered more than 20 years ago. In addition, the company provides pediatric home health nursing, home medical equipment and instrumentation services, pharmaceutical services and behavioral health care.

“Pediatric Health Choice and its management team have long been the leaders in PPEC services, and have provided the highest quality care to children with complex, long-term medical challenges”, said James G. Andersen, Managing Partner of Clearview Capital. “In partnership with the company’s talented management team, we hope to replicate the success we have had with Senior Care Centers of America, where we have been able to triple the revenue and earnings of the company through organic growth and acquisition.”

“Deb Fraze and I are very excited about the opportunity to partner with Clearview in the next growth phase of our business,” said Child Health Holdings CEO Steve Barry. “The experience they bring and the capital they have committed to provide will allow us aggressively to open new centers and make strategic acquisitions.”

Clearview’s other holdings include The Results Companies, a leading business process outsourcing company; All Tech Inspection/IESCO, a provider of mechanical integrity inspection and non-destructive 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.