CLP Healthcare Services Inc. Acquires Community Hospices of America Inc.Thoma Cressey Equity Partners-Backed CLP 1. CLP - Cornell List Processor. 2. CLP - Constraint Logic Programming. Completes Second Acquisition NASHVILLE Nashville, city (1990 pop. 487,969), state capital, coextensive with Davidson co., central Tenn., on the Cumberland River, in a fertile farm area; inc. as a city 1806, merged with Davidson co. 1963. , Tenn. -- CLP Healthcare Services Inc., (dba "Cloverleaf Partners"), a company focused on providing high-quality hospice hospice, program of humane and supportive care for the terminally ill and their families; the term also applies to a professional facility that provides care to dying patients who can no longer be cared for at home. and palliative care palliative care (paˑ·lē·ā·tiv kerˑ), n an approach to health care that is concerned primarily with attending to physical and emotional comfort rather , has acquired Community Hospices of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Inc., ("CHA n. 1. Tea; - the Chinese (Mandarin) name, used generally in early works of travel, and now for a kind of rolled tea used in Central Asia. A pot with hot water . . . made with the powder of a certain herb called chaa, which is much esteemed. - Tr. J. "), a Birmingham, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .-based hospice provider with 25 locations in nine states. This is Cloverleaf Partners' second transaction in the execution of its strategy of building a leading national hospice and palliative care provider. "We are very excited to have the opportunity to combine the two companies," said Jim Deal, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cloverleaf Partners. "CHA has an outstanding reputation as a hospice provider, with sound performance and an outstanding management team. We believe the combination of our two companies produces one of the premier hospice providers in the country." Cloverleaf was formed in 2006 through a partnership between Deal and Thoma Cressey Equity Partners, a leading private equity firm with more than 25 years of experience building industry leaders. Like other Thoma Cressey-led 'buy-and-build' transactions, Cloverleaf Partners will leverage the strength of its platform companies to build a leading hospice and palliative care provider through operational improvements, organic growth and strategic acquisitions. "Thoma Cressey recognizes the growing need for high-quality hospice care and formed Cloverleaf Partners with an exceptional management team to build an industry leader," said Bryan Cressey, managing partner for Thoma Cressey. "The combination of Cloverleaf Partners and CHA is representative of our traditional buy-and-build strategy. We view the addition of CHA as an excellent step toward the building of a hospice and palliative care provider of national significance." About CLP Healthcare Services Inc. (dba "Cloverleaf Partners") Cloverleaf Partners was formed in 2006 through a partnership with Thoma Cressey Equity Partners. CLP Healthcare Services Inc. operates 29 hospices in 10 states serving approximately 1,700 patients. The company is based in Nashville, Tenn. About Thoma Cressey Equity Partners, Inc. Thoma Cressey Equity Partners is a leading private equity investment firm with more than 25 years of experience in building successful companies. The firm has invested in many industry sectors and currently specializes in the software, healthcare, business services and consumer products and services industries. Recognized nationally for pioneering the 'industry consolidation' or 'buy and build' strategy, Thoma Cressey identifies high-potential industry sectors to partner with successful companies and build industry leaders through organic growth, operational improvements and strategic acquisitions. Thoma Cressey currently manages approximately $2 billion in a series of private equity funds. For more information, please visit www.thomacressey.com. |
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