M&A Deal Summary

Jordan Health Services Acquires Aspire Home Care

On March 28, 2018, Jordan Health Services acquired healthcare services company Aspire Home Care from Navigator Partners and Evolve Capital

Acquisition Highlights
  • This is Jordan Health Services’ 17th transaction in the Healthcare Services sector.
  • This is Jordan Health Services’ 17th transaction in the United States.
  • This is Jordan Health Services’ 2nd transaction in Oklahoma.

M&A Deal Summary
Date 2018-03-28
Target Aspire Home Care
Sector Healthcare Services
Buyer(s) Jordan Health Services
Sellers(s) Navigator Partners
Evolve Capital
Deal Type Add-on Acquisition

Target

Aspire Home Care

Tishoming, Oklahoma, United States
Aspire Home Care is a provider of medicare home healthcare and hospice services. Aspire Home Care was founded in 1996 and is based in Tishomingo, Oklahoma.

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Buyer(S) 1

Buyer

Jordan Health Services

Addison, Texas, United States
Category Company
Founded 1975
Sector Healthcare Services
Employees12,000
DESCRIPTION

Jordan Health Services is a provider of home health services, including personal care, home management, and skilled nursing, to Medicaid and/or Medicare eligible patients throughout the entire state of Texas. With over 12,000 employees in 28 locations serving thousands of clients, Jordan Health Services is one of the largest home healthcare providers in the state of Texas.

DEAL STATS #
Overall 17 of 17
Sector (Healthcare Services) 17 of 17
Type (Add-on Acquisition) 17 of 17
State (Oklahoma) 2 of 2
Country (United States) 17 of 17
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Wise County Home Health

Bridgeport, Texas, United States

Wise County Home Health, Inc., with locations Bridgeport and Wichita Falls, has been providing community care services and skilled care services, serving 13 counties in North Texas for twenty years. Wise cares for approximately 250 Community Care clients and their families and approximately 130 Skilled Care patients daily in North Texas.

Buy -

Seller(S) 2

SELLER

Navigator Partners

Summit, New Jersey, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Navigator Partners LLC (formerly Navigator Equity Partners LLC) is a private equity firm focused on smaller middle-market company acquisitions and recapitalizations. The Firm is licensed as a SBIC and targets companies with revenues of $10 to $200 million and EBITDA of at least $2 million. Companies of interest include manufacturers and marketers of consumer and healthcare products, providers of consumer and business services, franchisors, healthcare service providers, select industrial products, and media businesses. Navigator will not invest in start-up, early-stage, or turnaround situations. Navigator Equity Partners is based in Summit, New Jersey.

DEAL STATS #
Overall 10 of 11
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Oklahoma) 1 of 1
Country (United States) 10 of 11
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Terracare Associates

Littleton, Colorado, United States

Terracare Associates is a leading provider of commercial landscape and public infrastructure management services. Terracare Associates provides a diverse range of services to institutional, industrial, commercial and municipal customers, including outsourced road and park maintenance, general landscape services, irrigation management, snow/ice removal, and aquatic/lake management services. Terracare Associates was founded in 1975 and is based in Littleton, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 Smashburger

Denver, Colorado, United States

Smashburger is the fastest growing, fast-casual “better burger” restaurant and a fresh approach to burgers and restaurants as a whole. Smashburger's hand-crafted burgers are made with fresh, never frozen, 100% Certified Angus Beef, that are “smashed”, seared, and seasoned on the grill to juicy perfection for every individual order. Smashburger was founded in 2007 and is based in Denver, Colorado.

Sell -
SELLER

Evolve Capital

Dallas, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Evolve Capital is a private equity firm focused exclusively on recapitalization investments in growth-oriented service based businesses. Evolve looks companies that are asset light, growing rapidly, and potentially operate in a regulated environment. Target companies typically have trailing EBITDA of $2 to $4 million and are located in the US. Evolve Capital was formed in 2005 and is based in Dallas, Texas.

DEAL STATS #
Overall 15 of 18
Sector (Healthcare Services) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (Oklahoma) 1 of 1
Country (United States) 15 of 18
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Heartland Dental

Effingham, Illinois, United States

Heartland Dental is a dental support organization, providing non-clinical administrative support services to over 840 offices and more than 1,300 supported dentists across 35 states. Heartland Dental partners with its supported dentists to deliver high quality care across the full spectrum of dental services. Heartland Dental was founded in 1997 and is headquartered in Effingham, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 Power Design Services

San Jose, California, United States

Power Design Services LLC specializes in printed circuit board prototyping and small-run production for customers ranging from start-ups to some of the most well-known brands. Power Design Services was founded in 2001 and is based in San Jose, California.

Sell -
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