Industry News • May 15, 2018
NEW YORK–(BUSINESS WIRE)–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.
This article originally appeared in an article on BusinessWire.