SageCare Inc. acquired by Cairn Merchant Partners LP

SageCare Tombstone

We are pleased to announce the sale of our client SageCare Inc., a health care company who manages 147 Elder Street, a private residential care home for persons with dementia and Alzheimer’s disease to Cairn Merchant Partners LP, an independent private investment firm based in Canada.

Springbank Capital Corp. (“Springbank”) acted as the financial advisor to SageCare Inc.

About SageCare Inc.:

SageCare Inc. (“SageCare”) is a health care company which manages 147 Elder Street, a private residential care home for persons with dementia and Alzheimer’s disease. Since opening 147 Elder Street in 2000, SageCare has established a stellar reputation for excellence in managing 147 Elder Street and providing its residents with innovative programs, specialized services and loving care for persons with dementia and Alzheimer’s disease.

About Cairn Merchant Partners LP:

Cairn Merchant Partners LP (“Cairn”) is an independent firm that invests in private Canadian companies and offers advisory services to both public and private companies. Making equity investments in lower mid-market firms headquartered in Canada, Cairn works with management teams and business owners, to provide capital and solutions tailored to meet the needs of all stakeholders. Cairn provides an alternative option to traditional investment banking advisory services, with a goal to help ambitious companies unlock their full potential.

About Springbank Capital Corp.:

Springbank brings investment banking to mid-market businesses in Canada. It offers one-on-one, customized services, an extensive and proven track record of completed deals, and an international reach – all underpinned by an understanding of and passion for what it takes to succeed in the Canadian mid-market. Springbank’s President, Jennifer Chasson, is also a Partner with Zeifmans, a Toronto-based accounting practice that combines the capabilities and world reach of a multinational, with the efficiency and service of an independent practice.