Great Lakes Caring, National Home Health Care, and Jordan Health Services Combine to Become One of the Nation’s Largest Home-Based Care Providers
May. 15, 2018
NEW YORK--(BUSINESS WIRE)--May 15, 2018--Today, Great Lakes Caring, National Home Health Care, and Jordan Health Services successfully completed the previously announced transaction to create one of the nation’s largest home-based care providers. The new company brings together three market leaders and creates a comprehensive care continuum of personal care, skilled home healthcare, and hospice care. The combined company will serve more than 63,000 patients and their families daily, employing over 31,000 caregivers across 15 states in 221 locations.
“We are now one of the largest home-based care providers in the United States,” said G. Scott Herman, Enterprise CEO. “By establishing a full continuum of in-home care services through this combination, we believe we will significantly improve clinical outcomes and enhance the patient experience.”
The combination, which was announced on April 10, combines the assets of Great Lakes Caring, National Home Health Care, and Jordan Health Services to create one of the most technologically advanced platforms in the country. Together, combined revenues will top $1 billion annually, making it the fourth largest continuum based homecare company in the United States.
This transaction brings together two leading private equity partners, Blue Wolf Capital Partners and Kelso & Company. Blue Wolf is an investor in National Home Health Care and Great Lakes Caring. Kelso joined forces with Blue Wolf to acquire Jordan Health Services from Palladium Equity Partners, LLC, adding it to the National Home Health Care and Great Lakes Caring continuum.
About National Home Health Care
National Home Health Care Corp., through its four operating subsidiaries, is a provider of home health care services, including nursing care, personal care and other specialized health services in the Northeastern part of the United States. For additional information, please visit www.nhhc.net.
About Great Lakes Caring
Great Lakes Caring Home Health and Hospice is one of the nation’s leading providers of a continuum of home health and hospice care. Great Lakes Caring dedicates its resources to providing value-based, high quality care wherever our patients call home. Great Lakes Caring’s primary focus is to provide superior quality health care to those we are honored to serve, utilizing state-of-the-art technology and innovative processes which drive extraordinary patient outcomes. With locations across the country, Great Lakes Caring provides the right care, at the right time, in the right place. Great Lakes Caring is committed to being a great place to work for employees and is the recipient of Fortune Magazine’s Best Workplaces in Healthcare and Best Workplaces for Millennials awards, in addition to being recognized as a National Best and Brightest Company to Work For. www.GreatLakesCaring.com
About Jordan Health Services
Founded in 1975 and based in Dallas, Texas, Jordan Health Services ( www.jhsi.com ) is one of the nation’s largest home care providers. With its unique blend of services including personal care, case management, skilled nursing, therapy, and hospice services, Jordan’s team of highly skilled and dedicated professionals provide care to approximately 37,000 patients throughout the states of Texas, Oklahoma, Arkansas, and Louisiana.
About Blue Wolf Capital Partners LLC
Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.
About Kelso & Company
Kelso has been investing in private equity for over 35 years. Kelso’s industry-leading alignment of interest and partnership approach date back to its founder, Louis Kelso, who is commonly referred to as the inventor of the Employee Stock Ownership Plan (or ESOP). Kelso benefits from a successful investment track record, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporates. Since 1980, Kelso has raised a total of nine private equity funds, representing approximately $12 billion of capital, and has made more than 120 investments. For more information about Kelso, please visit the firm’s website at www.kelso.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180515006324/en/
CONTACT: For Blue Wolf Capital Partners LLC
Michelle Wellington, 646-560-5989
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: SENIORS PRACTICE MANAGEMENT HEALTH PROFESSIONAL SERVICES BANKING FINANCE CONSUMER NURSING GENERAL HEALTH MANAGED CARE
SOURCE: Blue Wolf Capital Partners LLC
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PUB: 05/15/2018 12:13 PM/DISC: 05/15/2018 12:13 PM