
Clearview Capital
Completes Add-on Acquisition
for
Senior Care Centers of America, Inc.
March 30, 2007
OLD GREENWICH, CT—Clearview Capital, LLC of Old Greenwich, CT has completed the acquisition of Generations Adult Day Center, which provides care to elderly and disabled adults at its facility in Brookhaven, Pennsylvania. The transaction was structured as an add-on acquisition for Clearview’s portfolio company, Senior Care Centers of America , and closed on March 30, 2007.
Senior Care Centers of America is the premiere 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.
“Generations is the second add-on acquisition Senior Care has made in the past year,” said Bill Case, principal at Clearview. “We expect to continue to pursue additional acquisitions in our core New Jersey, Pennsylvania and Connecticut markets, as well as in new areas.”
Clearview's other holdings include Rowmark, Inc., a leading manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Hettinger Welding, LLC, a leading provider of facilities construction, pipelining and welding services for customers building natural gas infrastructure in the Rocky Mountain region; 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.
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