Jordan Announces Aquisition of CareCycle Solutions, LLC

Jordan Announces Aquisition of CareCycle Solutions, LLC

Dallas, TX (December 30, 2016) - Jordan Health Services (“Jordan”) a provider of home health and hospice services in Texas, Oklahoma, Louisiana and Arkansas, has acquired CareCycle Solutions, LLC (“CareCycle”), based in Dallas, Texas with offices throughout Texas and Louisiana. The combined companies will provide personal care, case management, skilled nursing, pediatric, and hospice services in Texas, Oklahoma, Arkansas and Louisiana. CareCycle companies include: Brady Health Care Services, Hill Country Home Health, CareCycle Home Health, Thompson Home Heath, MedSource Home Health, and Delta Home Health.

“CareCycle provides Jordan significant patient concentrations in Texas and expands Jordan’s coverage in northern and central Louisiana," said Scott Herman, CEO of Jordan. “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.”

Chris Rucker, COO of Jordan, added, “We are very excited to work with the dedicated professionals working in the CareCycle network. This partnership is perfectly aligned and strengthens our service offerings while expanding our geographic footprint."

Several key leaders from CareCycle will transition to Jordan and several others will assist with transitions over the next year. CareCycle adds nearly 2,500 patients to Jordan’s average daily census and 29 offices to the service footprint. Terms of this transaction were not disclosed.

About Jordan Health Services (www.jhsi.com)

Founded in 1975 and based in Dallas, TX, Jordan Health Services is one of the nation’s largest home care providers. With its unique blend of services including personal care, case management, skilled nursing, therapy, and hospice services, Jordan’s team of highly skilled and dedicated professionals provide care to approximately 33,000 patients throughout the states of Texas, Oklahoma, Arkansas, and Louisiana.

About CareCycle (www.carecyclesolutions.net)

 CareCycle is a company with a large vision and a single focus to reduce preventable hospitalizations of the chronically ill by managing their transition through care settings, providing early targeted intervention, medication management, and overall health coaching. They have a proven, repeatable, and scalable solution to the Healthcare Crisis, serving over 2,500 patients across eastern and southern Texas and Louisiana.