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NewStar Financial Provides $12.5 Million Financing For Senior Care Centers Of America

Supports Acquisition by Clearview Capital LLC

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Boston, MA, December 7, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it has provided financing to support Clearview Capital's ("Clearview") acquisition of Senior Care Centers of America, Inc. ("Senior Care" or the "Company"). Clearview, based in Old Greenwich, CT, is a leading private equity investor in the middle market.



Senior Care, which was founded in 1988, provides adult day health services at 20 centers located in New Jersey, Pennsylvania, Maryland, Connecticut and Mississippi. The Company is the leading independent provider in its core markets. Each adult day health center enables frail, elderly or disabled adults to live at home and remain independent in their communities while receiving health care and supervision during the day.



NewStar served as Sole Lender and Administrative Agent for the senior credit facilities comprising a five-year $1.5 million revolving credit facility and $11 million five-year term loan.



"This transaction allowed NewStar to put our understanding of a unique and growing segment of the healthcare marketplace to work for the benefit of our client," said Managing Director Greg Pachus of NewStar. "NewStar was a true value-added partner throughout this process and very helpful in structuring the debt deal," said Bill Case, Principal at Clearview.



Joining Pachus on NewStar's deal team were Rob Hornstein, Keith Cox, and Dipen Patel.



About NewStar Financial, Inc.:



NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.



Corporate Inquiries:
NewStar Financial
Scott Poirier
(617) 848-2525


Press-Related Inquiries:
Gaffney Bennett Public Relations
Chris Riley
(860) 690-0856


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