Caltius Equity Partners Exits its Investment in SeniorBridge
July 26, 2012
Los Angeles, CA (July 26, 2012) – Caltius Equity Partners is pleased to announce its exit from its investment in SeniorBridge Family Companies, Inc. Caltius and other SeniorBridge stockholders received cash consideration for their shares as part of a merger transaction in which SeniorBridge merged with a subsidiary of Humana Inc. (NYSE: HUM).
SeniorBridge is a provider of care-management services for seniors across the country, with a focus on managing chronic and often complex cases. SeniorBridge’s care-management teams can include a range of health care professionals such as nurse practitioners, nurses, social workers, as well as caregivers, all working to maintain or improve the health of its clients in their homes.
“Dr. Eric Rackow and his team did an outstanding job significantly expanding the business’ geographic footprint, service offerings, and care management network resulting in a doubling in the size of the company since our investment in 2008. As importantly, the team never lost focus on the quality of care and the critical importance of great patient outcomes,” said Garrick Ahn, Managing Director of Caltius.
“The Caltius team served as key thought partners as we developed and executed on our strategies,” commented Larry Sosnow, outgoing Chairman of SeniorBridge. “I especially appreciated their counsel on how to manage and stage the rapid expansion of our management team and corporate infrastructure which was necessary to support our aggressive growth plans.”
Based in Los Angeles, Caltius Equity Partners has been making control and substantial minority equity investments in amounts of $5 million to $20 million since 1999. Caltius Equity Partners invests in the healthcare services, consumer and business services, light manufacturing and consumer product industries. For more information, please visit www.caltius.com or call (310) 996-9566.