BOSTON--(BUSINESS WIRE)--Audax Group today announced that it has partnered with management to acquire Active Day / Senior Care, a leading national adult care day provider, from Clearview Capital. Terms of the transaction were not disclosed.
Headquartered in Trevose, Pennsylvania, Active Day / Senior Care (the “Company”) is a leading national provider of adult day health services and in-home personal care. With more than 80 locations across the country, the Company provides therapeutic activities, opportunities for socialization, and expert health and nursing care to improve its members’ daily functioning and delay the onset of chronic illness. The Company’s in-home senior care provides assistance with daily living activities such as meal preparation, bathing, and exercising in addition to entertainment, emotional support, and companionship. For more information, visit www.seniorcarectrs.com.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said “Jim Donnelly and Craig Mehnert have done an excellent job building Active Day / Senior Care into a leading provider of adult day healthcare in the United States. We look forward to supporting them and their team as they grow the business organically and through acquisitions.”
Jim Donnelly, CEO of Active Day/Senior Care, said “We are excited to partner with Audax. Audax’ resources and experience with healthcare services businesses will help us accelerate our growth as we open new facilities and pursue strategic add-on acquisitions.”
Lincoln International advised Active Day / Senior Care and Clearview Capital. Ropes & Gray served as counsel to Audax Group.
ABOUT AUDAX GROUP
Audax Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax has $9 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.