The Jordan Company, a New York-based middle-market PE firm, announced today that a group of investors, led by The Resolute Fund, L.P., completed the sale of Wound Care Holdings to National Healing Corporation. Terms of the transaction weren’t disclosed.
The Jordan Company, L.P. (“TJC”), a leading middle-market private equity firm, today announced that a group of investors, led by The Resolute Fund, L.P., completed the sale of Wound Care Holdings, LLC (“Wound Care”) to National Healing Corporation. Terms of the private transaction were not disclosed.
TJC, in partnership with The Edgewater Funds and JZ Capital Partners plc, formed Wound Care Holdings in April 2006 to participate in chronic wound care, a highly fragmented and underserved market. Demand for wound care services is driven by the increasing incidence of patients with chronic wounds, including the elderly and diabetic populations, and the growing utilization of advanced treatments.
The Company consists of two separate business units, Diversified Clinics, Inc. (“Diversified”) and Sechrist Industries, Inc. (“Sechrist”). Diversified is the leading outsourced provider of wound care clinic management services to more than 350 hospitals nationwide. Sechrist is the world’s leading manufacturer of monoplace hyperbaric oxygen therapy chambers, a critical piece of equipment in comprehensive wound care centers, as well as other respiratory care products.
“Together with the management team, we helped build Wound Care through a combination of industry acquisitions and organic growth,” said Adam E. Max, Managing Principal of TJC. “We are confident that Wound Care will continue to deliver on its tradition of high quality care and related services excellence with the support of National Healing. The merged company is well-positioned to serve and benefit from continued growth in chronic disease markets.”
National Healing, an industry leader in providing wound healing management for hospitals and turnkey hyperbaric oxygen services, is a portfolio company of Metalmark Capital.
SNR Denton US LLP and Winston & Strawn LLP acted as legal advisors to TJC.
About The Jordan Company
The Jordan Company (www.thejordancompany.com), founded in 1982, is a leading middle-market private equity firm with over $5 billion of assets under management and a successful track record of investing in and growing businesses across a wide range of industries. The firm’s partners have been investing together for more than two decades, establishing TJC as one of the most experienced and stable investment teams in private equity. The investment team is supported by the firm’s Operations Management Group, which initiates and supports operational improvements in portfolio companies. The firm generates deal flow through a well-developed network of sourcing relationships. Headquartered in New York, TJC also has offices in Chicago and Shanghai.
About Diversified Clinics, Inc.
Diversified Clinics is a provider of specialized wound care services to more than 350 hospitals in the rapidly growing and underpenetrated U.S. wound care market. Diversified continuously advances quality and outcomes in wound care through its investments in clinical training and education, clinical care, and