NEW YORK, Dec. 11, 2006 (PRIME NEWSWIRE) -- The Jordan Company, L.P. ("Jordan") announced that WCS Clinics, Inc. ("WCS Clinics"), a company formed by Jordan, Edgewater Capital, JZ Equity Partners and Bolder Capital in 2006, acquired approximately 100 wound care clinics from Critical Care Systems, Inc. (formerly known as "Curative") on November 30, 2006.
WCS Clinics contracts with hospitals to establish and manage comprehensive wound care programs, providing top clinical expertise, research, data systems, and experienced staff to treat the growing number of patients who have chronic, non-healing wounds as the result of diabetes, pressure ulcers, vascular insufficiency, radiation injury, and other conditions. It is estimated that there are more than 7 million people in the country in need of such services. Along with the rapidly increasing incidence of diabetes and the aging population, the demand for hospital-based wound care is growing dramatically.
Giving effect for the transaction, WCS Clinics will have a leading industry position with more than 260 hospital contracts covering 40 states, allowing hospitals to provide a needed, value-added service to a growing patient population. WCS Clinics develops and manages the wound care centers, providing key staff, equipment, implementation guidelines, operating procedures, clinical algorithms, outcomes data tracking systems, education and training, community education, and billing and coding support.
The Jordan Company, L.P. is a New York based investment firm with approximately $2.5 billion of capital under management that has been sponsoring and investing in middle market leveraged buyout transactions for more than 20 years. Jordan currently has a portfolio of investments in over 20 businesses representing more than $4.0 billion in annual revenue.