Dallas – March 31, 2007 – Trinity Hunt Partners has invested approximately $16.0 million in Mount Vernon, Texas based Jordan Healthcare in support of its purchase of Chartwell Home Care, a leading provider of in-home Medicaid services in Texas. The acquisition of Chartwell, based in Dallas, Texas, firmly establishes Jordan Healthcare as a leading regional provider of Medicaid and Medicare home care services for over 15,000 clients/patients throughout Texas. The combined company will be led by Mike Jordan as Chairman and Roy Serpa as Chief Executive Officer.
Founded in 1975, Jordan Healthcare provides home health services to both Medicare and Medicaid eligible patients throughout 55 counties in East Texas and Arkansas. With approximately 6,300 employees, Jordan Healthcare is one of the largest home healthcare providers in the state. The Company provides home care services including personal care, home management, and skilled nursing.
Also founded in 1975, Chartwell Home Care provides home health services to Medicaid eligible patients throughout Texas. Chartwell’s 5,900 employees currently serve the Company’s patients through its 10 licensed offices in Abilene, Arlington, Corpus Christi, Del Rio, Edinburg, Jasper, Laredo, Pasadena, Round Rock and San Antonio.
“Mike Jordan, Roy Serpa, and their team at Jordan Healthcare have earned an industry-leading reputation for quality patient care,” said Pete Stein, a Partner at Trinity Hunt. “This transaction positions the Company to meet the increasing demands for high quality, professional, and cost effective home healthcare within the entire state of Texas.”
Regarding the future plans of the Company, Roy Serpa commented, “The mission of Jordan Healthcare is to be the leading provider of quality, ethical and cost-effective healthcare delivered by the most qualified and best-trained staff. This acquisition and our partnership with Trinity Hunt Partners supports this mission by creating a platform from which we can continue to grow and become better care providers to the people we serve.” Mike Jordan also commented, “We have had the privilege of caring for thousands of families, generation after generation, over the past 32 years. Now with the purchase of Chartwell, we can continue this tradition state-wide.”
About Jordan Health Services:
Jordan is an industry leader and prominent provider of home health services to both Medicare and Medicaid eligible patients, servicing the citizens of Texas since 1975. The company also services Miller County in Arkansas. Jordan is licensed to provide home care services by both the State of Texas and State of Arkansas. Jordan is continuing to expand its services through acquisitions and internal growth.
Posted on
Saturday, March 31, 2007
by Jordan Health Services