Jordan Health Services, a Mount Vernon, Texas-based provider of in-home Medicaid and Medicare services, has acquired CareLink, a provider of in-home Medicare services in Dallas. No financial terms were disclosed for the deal, which was financed via an additional equity investment from JHS owner Trinity Hunt Partners.
Trinity Hunt Partners has announced its additional equity investment in East Texas-based Jordan Health Services in support of Jordan's purchase of CareLink, a leading provider of in-home Medicare service in Dallas. The acquisition of CareLink expands Jordan Health Services' Medicare operations into the Dallas/Fort Worth metroplex and fills a niche market service offering for the organization.
In January 2008, Jordan Health Services acquired Home Health Specialties of Tarrant County, which serves Medicare, Medicaid and Pediatric patients for Tarrant and surrounding counties in Texas. “In order to fulfill Jordan Health Services' role as a full-service home health agency, we must provide both high quality Medicare and Medicaid services in each of our market areas,” said Pete Stein, Partner of Trinity Hunt Partners. “With the acquisitions of CareLink and Home Health Specialties, we accomplish this goal within the Dallas, Collin and Tarrant counties of North Texas.”
“These acquisitions satisfy key components of our strategic plan,” said Roy Serpa, Chief Executive Officer of Jordan Health Services. “Additionally, CareLink and Home Health Specialties' exceptional reputations fit perfectly with Jordan's high standards and customer-first culture. We are excited to have the employees of both companies join the Jordan family.”
Founded in 1975, Jordan Health Services provides home health services, including personal care, home management and skilled nursing, to both Medicare and Medicaid eligible patients throughout the entire state of Texas. With more than 12,000 employees in 28 locations serving thousands of clients, Jordan Health Services is one of the largest home healthcare providers in the state of Texas. The combined company will continue to be led by Mike Jordan as Chairman and Roy Serpa as CEO.
About Trinity Hunt Partners
Trinity Hunt Partners is a Dallas-based, regionally focused private equity firm specializing in leveraged acquisitions, recapitalizations and late-stage growth financings of established middle-market companies with enterprise values between $15 million and $150 million in the niche manufacturing, business services, health care, aerospace, media and consumer products industries. For more information on Trinity Hunt Partners, visit www.trinityhunt.com.
About Jordan Health Services
Based in Mount Vernon, Texas, Jordan Health Services provides skilled nursing services, personal assistance services, tele-home care and pediatric services for Medicaid and Medicare patients throughout Texas and Arkansas. For more information, visit www.jhsi.com.