The Straus Group

The Straus Group is a principal investment firm specializing in growth capital financing. The firm seeks to invest in the healthcare services including nursing homes and elder care shelters. It is headquartered in New Jersey. The Straus Group was founded by Mr. Daniel E. Straus, a co- founder and co-principal shareholder in The Multicare Companies Inc., a publicly held healthcare services company which was sold in 1997 for approximately $1.5 billion. The current operations of the Straus Group encompass: (i) CareOne, LLC with approximately 2,750 employees and 2,200 licensed beds in New Jersey that owns and operates skilled nursing facilities, assisted living facilities and a long-term acute care facility; (ii) HealthBridge Management and CareOne Management that provide management services for sub-acute and long-term care, and manage 35 affiliated facilities in 7 states; (iii) CareRealty, LLC that acquired a healthcare facilities portfolio in 2001 for approximately $474 million which originally consisted of 79 leases, mortgages and notes secured by SNFs, ALFs and specialty hospitals, with 10,059 licensed beds in 17; (iv) Aveta Health, Inc. that operates in the managed care, institutional pharmacy, infusion therapy, and hospice businesses, with approximately 1,000 employees in 6 states; and, (v) CareVentures, LLC, and other healthcare-related real estate investments, that developed a portfolio of over $84 million of leases, mortgages and notes related to SNFs and ALFs since 2001 in Missouri, North Carolina, Ohio, Virginia and West Virginia. CareVentures manages CareRealty.