Senior Care Centers Adds On

Senior Care Centers of America, a portfolio company of Clearview Capital, has acquired Crozer Adult Day Health Center, which provides care to elderly and disabled adults on the campus of the Crozer-Chester Medical Center in Chester, Pennsylvania. No financial terms were disclosed. 

PRESS RELEASE

Senior Care Centers of America, Inc., a portfolio company of Clearview Capital, LLC, has completed the acquisition of Crozer Adult Day Health Center, which provides care to elderly and disabled adults on the campus of the Crozer-Chester Medical Center in Chester, PA. The transaction closed on December 1, 2008.

Senior Care Centers of America is the premier provider of adult day health services in the United States with a total of 21 centers in New Jersey, Pennsylvania, Connecticut and Mississippi. Designed to be a cost effective alternative to home health services, nursing homes and assisted living facilities, Senior Care’s state-of-the-art centers offer a daytime program of nursing care, social services, meals and recreational activities to elderly and disabled adults. 

“The Crozer acquisition continues our strategy of growth by acquisition in Senior Care’s core Pennsylvania, New Jersey and Connecticut markets.” said Bill Case, Partner at Clearview Capital. “We hope to continue to build up our presence in Pennsylvania and our other markets with additional acquisitions in 2009.”

“A key element of this acquisition is the establishment of a ten year affiliation with Crozer-Chester Medical Center and the Crozer-Keystone Health System,” said Craig Mehnert, Senior Care’s Chielf Financial Officer. “We’re proud to be associated with the leading health organization in Delaware County.”

Clearview’s holdings include All-Tech Inspection, Inc., which provides non-destructive testing and inspection services to the petrochemical industry; ACE, Inc. (Air Cooled Exchangers, Inc.), a leading manufacturer of air-cooled heat exchangers; Hettinger Welding, LLC, a Rocky Mountain provider of pipeline and facilities construction and maintenance services for customers building natural gas infrastructure; Rowmark, LLC, a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Twinco Romax, a vertically integrated manufacturer and distributor of automotive fluids sold through retail channels; M.H. Zeigler & Sons, the country’s leading manufacturer of refrigerated apple cider; Hillsdale Furniture, a designer and importer of wood and metal furniture; and a minority interest in Compression Polymers Group, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK® brand trim boards.

Clearview’s holdings include All Tech Inspection, Inc., which provides non-destructive testing and inspection services to the petrochemical industry; ACE, Inc. (Air Cooled Exchangers, Inc.), a leading manufacturer of air-cooled heat exchangers; Hettinger Welding, LLC, a Rocky Mountain provider of pipeline and facilities construction and maintenance services for customers building natural gas infrastructure; Rowmark, LLC, a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Twinco Romax, a vertically integrated manufacturer and distributor of automotive fluids sold through retail channels; M.H. Zeigler & Sons, the country’s leading manufacturer of refrigerated apple cider; Hillsdale Furniture, a designer and importer of wood and metal furniture; and a minority interest in Compression Polymers Group, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK® brand trim boards.