Tuesday, September 27, 2011

Senior Care Merger to own More ADC Centers

SENIOR CARE CENTERS OF AMERICA ANNOUNCES MERGER WITH ACTIVE DAY TO BECOME THE LARGEST OPERATOR OF ADULT DAY SERVICES IN THE U.S.

Senior Care Centers of America, the second largest operator of adult day services, announced on Monday, September 26, 2011, that Active Day, the largest operator of adult day services, has agreed to merge with Senior Care. The combined organization will have 76 centers in 11 states and will substantially surpass the size of its nearest competitor. After the merger, Active Day will be a subsidiary of Senior Care, and the ownership of Senior Care will remain essentially unchanged. Jim Donnelly, CEO of Senior Care, will lead the combined organization. Selected members of the Active Day management team will continue to work in the combined entity. The merger is expected to close in November 2011.

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