
Clearview Capital Completes Another Add-on Acquisition for Senior Care Centers of America
June 2, 2010- Senior Care Centers of America, Inc., a portfolio company of Clearview Capital, LLC, has completed the acquisition of the adult day care business of Main Line Health System in Delaware County, Pennsylvania. The transaction closed on June 1, 2010.
Senior Care Centers of America is the premier provider of adult day health services in the United States with a total of 22 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 acquisition of this program is the third expansion for Senior Care in the Pennsylvania market in the past twelve 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 Main Line Health Centers 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, which provides engineering and design services to oil and gas pipeline operators; All Tech Inspection/IESCO, a provider of mechanical integrity inspection and non-destructive testing services for the refinery and petrochemical industries; ACE (Air Cooled Exchangers), a leading manufacturer of air-cooled heat exchangers; Hettinger, a provider of pipeline and facilities construction and maintenance services for customers building energy infrastructure; Rowmark, a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; 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.
back to top | more news
|