Cima Healthcare acquires Houston Agency from Christus VNA Continuing Care

Cima Healthcare acquires Houston Agency from Christus VNA Continuing Care

(San Antonio, TX) (August 13, 2014) – Cima Healthcare (“Cima”), a provider of hospice services in Texas and Oklahoma has acquired an agency from Christus VNA Continuing Care (“Christus”) in Houston, Texas. The combined entities of Cima, in partnership with Jordan Health Services, will provide the personal care, case management, skilled nursing, pediatric, and hospice services to approximately 22,000 patients through 63 locations.

“The acquisition of this new location covering the greater Houston area is essential for Cima as we promote growth within that area. We are very excited to round out the full home care continuum in Houston with the Jordan/Cima provision of Skilled Care, Community Care Services & Hospice,” said Mike Kuhn, President of Cima. “A special thanks to Stephanie Giust, COO, for leading the conversion and integration of our newest teammates and patients in Houston.”

Mike Kuhn added, “We enthusiastically welcome the dedicated staff of the Houston agency from Christus into the Cima family. In addition, we are pleased to announce that the Administrator of the agency will be Tiffany Richardson, who starts work in the role on September 1, 2014. She comes to us from the Harris Health System as a Patient Access Manager, she has been an RN for 12 years and she is completing her MSN with a concentration in Clinical Systems Management.”

Terms of this transaction were not disclosed.

About Jordan Health Services (www.jhsi.com)

Jordan Health Services provides in home care to patients in Texas, Oklahoma and Texarkana, AR., including personal care services, home management, pediatric services, skilled care and hospice. Based in Dallas, TX, and serving 22,000 patients, in partnerships with Cima Hospice and Health Care Innovations Private Services, Jordan continues to honor its mission to preserve client independence and dignity by providing comprehensive care in the home delivered by professional and compassionate caregivers. Jordan is owned by Palladium Equity Partners, LLC.

About Palladium Equity Partners (www.palladiumequity.com)

Palladium Equity Partners, LLC (with its affiliates, “Palladium”) is a middle market private equity firm with over $1.0 billion of assets under management focused primarily on buyout investments. Palladium seeks to acquire and grow companies in partnership with experienced management teams, with a special focus on companies benefiting from the growth in the U.S. Hispanic population. Palladium principals have been actively involved in the investment of $1.5 billion of capital in approximately 50 portfolio companies since 1989 and have significant experience in financial services, business services, food, restaurant, healthcare, industrial, and media industries. Palladium was founded in 1997 and is headquartered in New York City.

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