CALTIUS EQUITY PARTNERS INVESTS $15.0 MILLION IN SENIORBRIDGE FAMILY COMPANIES, INC.
(LOS ANGELES, CA) December 17, 2008
- Caltius Equity Partners is pleased to announce the closing of a $15.0 million investment in SeniorBridge Family Companies, Inc., the leading provider of complex chronic care management services in the home.
Founded in 2000, SeniorBridge offers comprehensive eldercare that addresses an individual’s medical, functional, psychosocial, and nutritional needs. The company utilizes a care management team of nurses, social workers, and certified caregivers to deliver high quality and safe care in the home 24 hours a day, 7 days a week, 365 days a year. SeniorBridge operates eighteen branches in nine states and is based in New York City.
“We look forward to working with SeniorBridge’s highly experienced management team in order to build on the company’s established and scalable platform,” noted Garrick Ahn, Managing Director of Caltius Equity Partners.
“Partnering with Caltius enables us to execute our short and long-term growth initiatives and continue our mission of ensuring the best quality of life for each of our patients,” commented Eric C. Rackow, M.D., President and CEO of SeniorBridge.
Based in Los Angeles, Caltius Equity Partners has been making control and substantial minority equity investments in amounts ranging from $5 to $20 million since 1999. Caltius Equity Partners invests in small and mid-sized companies throughout North America to support management buyouts, growth financings, and corporate divestitures in a broad range of industries. For more information about Caltius' portfolio of transactions, please visit www.caltiusequity.com or call at (310) 996-9566.
SeniorBridge, founded in 2000 and with offices throughout the United States, is a provider of long term care at home. The company addresses the total well-being of clients and their families through a comprehensive program that includes assessment, planning, service coordination, advocacy and direct care by a multidisciplinary team led by a professional geriatric care manager. The full range of services is customized according to the level of need and preference. The SeniorBridge program is especially beneficial for patients with complex problems, including chronic medical illnesses such as Congestive Heart Failure and Chronic Obstructive Pulmonary Diseases, and memory disorders such as Alzheimer’s disease; patients who require close oversight and management of care.
SeniorBridge is a knowledge-based professional organization that benefits from the support of its advisory board of internationally known experts on geriatrics.
SeniorBridge has its corporate headquarters at 845 Third Avenue, New York NY 10022. It provides its services nationwide. For further information, visit www.seniorbridge.com.