Senior Care Centers of America, a portfolio company of Clearview Capital, has acquired Riverside Adult Day Center of Plains, Pennsylvania. No financial terms were disclosed.
Senior Care Centers of America, Inc., a portfolio company of Clearview Capital, LLC, has completed the acquisition of Riverside Adult Day Center of Plains, PA. The transaction closed on June 1, 2009.
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 Riverside acquisition is our second deal for Senior Care in the Pennsylvania market in the past six months,” said Bill Case, Partner at Clearview Capital. “We expect to pursue additional acquisitions in this market to extend our leadership position in the adult day care industry.”
“The Riverside Adult Day Center and its staff have an excellent reputation for providing high quality care and services to adults in need,” said Jim Donnelly, President and CEO of Senior Care. “We are committed to ensuring a smooth transition so all clients will continue to receive the highest level of care they have come to expect and deserve.”
Clearview’s holdings include EN Engineering, LLC, which provides engineering and design services to oil and gas pipeline operators; All Tech Inspection, Inc., which provides mechanical integrity inspection and non-destructive testing services for the refinery and petrochemical industries; 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 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.