Business Briefs: Acquisition Activity Heats Up in Texas
Jordan Health Services Acquires Transition Management Company
Home health and hospice provider Jordan Health Services has acquired Dallas-based CareCycle Solutions to provide personal care, case management, skilled nursing, pediatric and hospice services throughout Texas, Oklahoma, Arkansas, and Louisiana, Freestone County Times reports.
CareCycle’s mission is to reduce preventable hospitalizations by managing their transition through various care settings.
“CareCycle provides Jordan significant concentrations in Texas and expands Jordan’s coverage in northern and central Louisiana,” Scott Herman, CEO of Jordan, said in a prepared statement. “Additionally, CareCycle Solutions will augment Jordan’s expertise in chronic patient management; this is a good acquisition adding density and strategic assets in key development areas.”
The acquisition will add nearly 2,500 patients to Jordan’s average daily census and 29 offices. A number of leaders from CareCycle will transition to Jordan.
“We are very excited to work with the dedicated professionals working the CareCycle network,” Chris Rucker, chief operation officer, said. “This partnership is perfectly aligned and strengthens our service offerings while expanding our geographic footprint.”
The financial terms of the transaction were not disclosed.
Texas Home Health Acquires Two Personal Care Companies
An AccentCare, Inc. company, Texas Home Health has acquired two personal service companies to expand its presence in the Lone Star State. The acquisition of Padre Home Health in Corpus Christi, Texas, and Royalty Personal Assistance Service in Texas City, Texas, were both effective January 1, 2017.
“I am excited for these two agencies to join the Texas Home Health family,” Steve Rodgers, CEO of AccentCare, said in a prepared statement. “We are impressed with their leadership, and I am confident the uniting of our great companies will help us maximize our collective potential to best serve our clients.”
All staff members from both Padre Home Health, which has 230 staff members, and Royalty Personal Assistance Service, which has 70 employees, will join AccentCare.
Nurse Next Door Launches St. Louis Business
Vancouver-based home care franchise company Nurse Next Door has officially launched St. Louis operations to provide home care for seniors and other residents in the city.
“Our core values are to admire people, ‘wow’ them with a positive customer experience, find a better way to offer home health services and to be passionate about making a difference in the home health industry,” a spokesperson from Nurse Next Door, said in a press release.
The company focuses on companion care and home nurse services for elders and others 24/7.
“We’re here to help get loved ones back to doing the things they love. Whether it’s a little assistance around the house with delicious meal preparation or medication reminders, let us do the caring,” the spokesperson added.
Former Bandit Lite Exec Acquires Senior Home Assistance
Former executive of Bandit Lite, a lighting company with offices in Hong Kong and London, has acquired Senior Home Assistance, an in-home care provider based in Knoxville, Tennessee.
In addition to the lighting business, owner Richard Willis has a background in producing and stage-managing concert tours and special-effect light shows. Willis believes his background will bring excitement and enthusiasm to the industry, according to a press release.
“My biggest challenge with Senior Home Assistance will be maintaining all of the things the company does well—and it does so many things very well—while expanding into new services and markets,” Willis said in the press release. “The company is successful, so we’re not out to change it. We simply want to grow it and make it better than it has ever been in the past.”
Written by Alana Stramowski