Industry Notes:
Investors Make Buys In Home Care Market
Published on Mon Jan 03, 2011
Reimbursement and regulatory uncertainty isn't keeping investors out of the home care acquisitions market. New York-based Palladium Equity Partners, a private investment firm focused on investments in the U.S. Hispanic marketplace, has acquired Jordan Healthcare Holdings Inc. through one of its affiliates. Thirty-five-year-old Jordan is "one of the largest providers of home healthcare in Texas," Palladium says in a release. Mt. Vernon-based Jordan has more than 12,000 employees in 28 locations, Palladium says. And Oak Hill Capital Partners plans to acquire Menlo Park, Calif.-based AccentCare Inc. and combine it with Guardian Home Care Holdings Inc., New York-based Oak Hill says in a release. Brentwood, Tenn.-based Guardian operates in Tennessee, Georgia, and Texas. "The combination of AccentCare and Guardian creates one of the largest operators in the industry, with an expanded geographical footprint and highly diversified service offerings," Oak Hill says. The new company will operate more than 130 branches across [...]