Jordan and HealthCare Innovations Private Services Announce Business Combination
October 3, 2013
Jordan Acquires Accord Home Care, Inc.
May 1, 2015
Jordan Health Services and Healing Touch Homecare Services, Inc. Combine Operations
April 3, 2014
Dallas, TX (April 3, 2014) - Jordan Health Services (“Jordan”), which provides home health services to patients throughout the state of Texas and Oklahoma has acquired Healing Touch Homecare Services, Inc. based in Oklahoma City. Combined entireties of Jordan fulfill the personal care, case management, skilled nursing, pediatric, and hospice needs of approximately 22,000 patients in Texas and Oklahoma through 61 locations.
“We are extremely excited about this transaction and welcome the dedicated and talented staff of Healing Touch Homecare Services, Inc. into the Jordan family,” said Dean Holland, Executive Chairman and CEO of Jordan. “Healing Touch Homecare Services, Inc. is an ideal fit for Jordan as we look to further diversify our business mix and aggressively expand our footprint in the southwest region of the U.S. Like Jordan, Healing Touch Homecare Services, Inc. has a long history of delivering the highest in quality home health care and this combination allows us to advance our objective of providing the full continuum of home health care and hospice needs to our clients.”
Rafael Ortiz, Principal at Palladium Equity Partners LLC, Jordan’s financial partner,an affiliate of which led this transaction, added, “The combination of these two outstanding post-acute organizations makes great sense in today’s home health care environment, as we will continue to provide low-cost, high-quality home care and hospice services in a growing region. We simply could not be happier with this transaction and the future prospects of this organization.”
Terms of this transaction were not disclosed.
About Jordan Health Services (www.jhsi.com)
Jordan Health Services provides in home care to patients in Texas, Oklahoma and Texarkana, AR., including personal care services, home management, pediatric services, skilled care and hospice.
Based in Dallas, TX, and serving 22,000 patients, in partnerships with Cima Hospice and Health Care Innovations Private Services, Jordan continues to honor its mission to preserve client independence and dignity by providing comprehensive care in the home delivered by professional and compassionate caregivers.
About Palladium Equity Partners (www.palladiumequity.com)
Palladium Equity Partners, LLC (with its affiliates, “Palladium”) is a middle market private equity firm with over $1.0 billion of assets under management focused primarily on buyout investments. Palladium seeks to acquire and grow companies in partnership with experienced management teams, with a special focus on companies benefiting from the growth in the U.S. Hispanic population. Palladium principals have been actively involved in the investment of $1.5 billion of capital in approximately 50 portfolio companies since 1989 and have significant experience in financial services, business services, food, restaurant, healthcare, industrial, and media industries. Palladium was founded in 1997 and is headquartered in New York City.
Media Relations Contacts: Jeff Taufield / Lyndsey Estin / Peter Hill Kekst and Company 212-521-4800