Dec 27 2010
Palladium Equity Partners, LLC, a private investment firm based in New York focused on investments in the U.S. Hispanic marketplace, announced today that one of its affiliates has acquired Jordan Healthcare Holdings, Inc. ("Jordan" or the "Company"). Terms were not disclosed.
Founded in 1975, Jordan is one of the largest providers of home healthcare in Texas. Jordan offers home health services to pediatric and adult patients, including personal care, home management and skilled nursing, to Medicaid and/or Medicare eligible patients throughout the state.
Roy Serpa, CEO of Jordan Health Services, said, "Over the past 35 years, our Company has grown from a family-run, Medicaid-focused operation into one of the leading professionally-managed diversified home healthcare providers in the attractive Texas market. With this transaction, we will be positioned to pursue growth initiatives, including regional expansion and an increased focus on more skilled healthcare."
David Perez, Managing Director of Palladium Equity Partners, LLC said, "Jordan is well known throughout Texas as one of the premier regional providers of home healthcare services. The Company has a strong management team who over the last five years has built a robust operating platform and has successfully executed on its growth strategy. We look forward to partnering with management to pursue additional opportunities."
SOURCE Palladium Equity Partners, LLC
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