The adult day care industry growth slowed during the recent economic slowdown. However, the Affordable Care Act through an increase in private health insurance coverage is expected to generate increased funding for this sector. Recovery in disposable income levels will also spur growth as households will be better able to afford the services again.
What is Adult Day Care? Services provided during normal business hours at a center (not the home) include social and basic health assistance, including transportation, meals, personal hygiene and therapeutic activities, to the elderly and individuals with mental or physical disabilities.
Active Day/Senior Care, Inc., a Clearview Capital portfolio company, stands tall in the roughly $6B highly fragmented market adult day care industry. The company created by the 2011 merger of Active Day and Senior Care Centers of America is the largest adult day service provider in the U.S. The company operates 75 centers in 11 states: Connecticut, Delaware, Indiana, Massachusetts, Kentucky, Ohio, Maryland, Mississippi, New Jersey, Pennsylvania, South Carolina.
The latest Active Day/Senior Care branded center is in New Jersey with the early March acquisition of a well-established center in Brick. Acquisition is likely to remain a key component of the company's growth strategy.>>Read more