CSI News
Newsletter Fall 2008 Jobing.com,"Getting a seat at the Table"
Caregiver Services Inc. Relocates Headquarters
On January 1, 2008, Caregiver Services Inc. relocated its corporate headquaters and CSI - Catalano's Nurses Registry to 10451 NW 117th Avenue, Suite 110, Miami, Florida 33178.
For information regarding partnering with CSI, a leader in private duty care and supplemental staffing, call 1-800-282-6409.
FIFTH STREET CAPITAL PARTNERS WITH PSILOS GROUP; supports growth of Caregiver Services, Inc.
White Plains, New York – April, 2008 – Fifth Street Finance Corp. (“Fifth Street”) is pleased to announce the closing of a $35 million second lien credit facility to fund the growth of Caregiver Services, Inc. (“CSI” or the “Company”), an existing portfolio company of Psilos Group (“Psilos”). Fifth Street’s investment will support the Company’s acquisition of Bell Care Nurses Registry, Inc., Health Med Home Care, Inc., Victorian Nursing Services, Inc., and Caring for Seniors, Inc. CSI is the largest licensed nurse registry in the U.S. and the leading provider of in-home assisted living services in the Southeast region. With a network of more than 14,000 nurses and caregivers, CSI currently serves 32 counties in the State of Florida as well as the Middle Tennessee region. The majority of CSI’s business involves in-home care services, including assistance with ‘activities of daily living’, that enable seniors to age independently. CSI also provides supplemental staffing solutions to facilities-based and hospice providers, and will operate as a Medicare-licensed Home Health Agency in Dade County as a result of its acquisition of Health Med Home Care, Inc. The Company is headquartered in Miami, Florida.
Terms of the transaction were not disclosed.
About Fifth Street Capital
Fifth Street Finance Corp. is a specialty finance company focused on providing custom tailored financing solutions of $5-$40 million to middle market U.S. companies across a diverse range of industries. Since 1998, the firm and its affiliates have provided capital to support acquisitions, expansions, management buyouts and recapitalizations. Fifth Street works actively with its equity sponsor partners to grow the value of their portfolio companies. Fifth Street’s broad investment mandate allows us to offer a full spectrum of investment products ranging from one-stop financings to partnering with senior lenders to provide a complete financing solution. In addition to its institutional investors, Fifth Street has an extensive network of high net worth investors, successful business owners, and operators who help us create value for our portfolio companies.
To find out more information about Fifth Street Finance Corp., please visit www.fifthstreetfinance.com or contact William Craig, at (914) 286-6855 (or e-mail at: william@fifthstreetcap.com).
About Psilos
Psilos Group has been a successful healthcare venture capital and private equity firm since its founding in 1998. With over $500 million under management, Psilos focuses its investments across the healthcare services, healthcare information technology, and medical technology sectors. Psilos invests nationwide in businesses that are poised to create enduring market value by fundamentally improving the U.S. healthcare system. Its portfolio companies are sustainable and high-value businesses that have a demonstrated ability to reduce the costs of healthcare delivery, improve clinical quality and advance the alignment of payer, patient and provider incentives. Psilos has offices in New York, the San Francisco Bay Area and Santa Fe, New Mexico.