News

Camelot Acquires Restorative Programming, Inc.

New York, May 8, 2007

The Camelot Schools ("Camelot"), a portfolio company of Charterhouse Group, Inc., announced that it has recently completed the acquisition of Restorative Programming, Inc. ("RPI"). Based in Trenton, RPI is a leading provider of residential services to adolescents in New Jersey who present with severe emotional and behavioral disturbances.

Founded in 2000, RPI currently operates intensive, clinically-focused residential treatment programs at Capital Academy, a 48-bed facility located in Camden, New Jersey. Resident students are typically male youth between the ages of 15½ and 18 years old, many of whom have been adjudicated for various criminal offenses.

The acquisition of RPI is consistent with Camelot's strategy of expanding its geographic reach and service breadth through new facility openings and selective acquisitions. RPI has the opportunity to extend its core service offerings in the State of New Jersey, which is currently experiencing significant supply constraints. In addition, Camelot is well-positioned to offer other services to the State, including its own specialty behavioral programs and alternative educational services.

Charterhouse Group provided additional funding to Camelot in order to facilitate the acquisition.

For more information on Charterhouse, please visit www.charterhousegroup.com.

Contacts:
Charterhouse Group:
David Hoffman, Partner, (212) 584-3234
Dan Jacobs, Broadgate Consultants, LLC, (212) 232-2227

Charterhouse Group, Inc.
535 Madison Avenue (at 54th St.)
28th Floor
New York, NY 10022-4299
T: (212) 584-3200
F: (212) 750-9704
www.charterhousegroup.com