Jordan Health Services Has Been Acquired by Kelso & Company and Blue Wolf Capital Partners
May 17, 2018
Jordan Health Services (“Jordan”), a portfolio company of Palladium Equity Partners, LLC (“Palladium”), has been acquired by Kelso & Company and Blue Wolf Capital Partners (“Blue Wolf”) and has merged with Great Lakes Caring and National Home Health Care, both of which are currently backed by Blue Wolf.
Founded in 1975 and based in Dallas, TX, Jordan is a leading provider of home health and hospice services throughout Texas, Oklahoma, Arkansas, Louisiana and Missouri serving approximately 39,000 patients daily. Under Palladium’s ownership since December 2010, Jordan executed on a number of organic initiatives, diversified into new business lines and completed more than 30 acquisitions making it one of the leading regional home health companies in the U.S.
The merger strategically positions the newly combined company as one of the nation’s largest providers of home-based care bringing together three market leaders, creating a comprehensive care continuum of personal care, skilled home health and hospice care. The newly combined company will serve over 63,000 patients and their families on a daily basis, employing over 31,000 caregivers across 15 states in 221 locations.
Cain Brothers served as Jordan’s financial co-advisor in connection with this transaction. Jordan engaged Cain Brothers due to its M&A track record in the home health, personal care and hospice sectors as well as its strong industry relationships, deep understanding of the buyer universe and industry domain knowledge.