Clearday Retains DelMorgan & Co. as Advisor for Growth
SAN ANTONIO, July 18, 2022 – Clearday Inc. (OTCQX: CLRD), a leader in longevity health care services, today announced that it has retained DelMorgan & Co., an internationally recognized investment banking firm, to advise Clearday on potential financings, strategic partnerships and other transactions.
“We are pleased to be working with DelMorgan to advise us with respect to our financing alternatives”, stated Clearday’s CEO, Jim Walesa. “Clearday has developed innovative therapies including digital and robotic services that we expect will improve care for older Americans and provide improved operating results. DelMorgan’s deep capital markets expertise provides our company with the perfect partner to assist us in the process of evaluating and pursuing financing alternatives to maximize value for all of our shareholders.”
Rob Delgado, Chairman of DelMorgan & Co., said, “We are extremely excited to be working with Clearday and to play a role in helping them pursue their strategy to create the future of longevity care.” Neil Morganbesser, President & CEO of DelMorgan & Co., commented, “Clearday has demonstrated a uniquely successful approach to deliver real value to its customers in the memory care industry, enabling it to charge more and achieve higher occupancy than the industry average. We look forward to helping Clearday grow their footprint through acquisitions in what is currently a very buyer-friendly market environment.” Francis König, Managing Director at DelMorgan & Co., added, “Clearday’s management team is among the best in the industry and is actively redefining the continuum of memory care to meet older Americans at the earliest available entry point for better results and longer lifetime value, and we are enthusiastic about the growth prospects for the Company and its shareholders.”
Clearday™ is an innovative non-acute longevity health care services company with a modern, hopeful vision for making high-quality care options more accessible, affordable, and empowering for older Americans and those who love and care for them. Clearday has decades-long experience in non-acute care through its subsidiary Memory Care America, which operates highly rated residential memory care communities in four U.S. states. Clearday at Home – its digital service – brings Clearday to the intersection of telehealth, Software-as-a-Service (SaaS), and subscription-based content.
About DelMorgan & Co.
Headquartered in Santa Monica, California, DelMorgan & Co. (www.delmorganco.com) is an internationally recognized investment bank and financial advisor. With over three decades of experience and over $300 billion in successfully completed transactions, the professionals at DelMorgan & Co. provide world-class financial advice and assistance to companies, institutions, governments and individuals around the world.
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