Addus HomeCare Acquires Tennessee Quality Care Operations

Addus HomeCare Acquires Hospice Partners of America for $130M

October 1, 2019

Healthcare Services

Addus HomeCare Corporation completed the acquisition of Hospice Partners of America, LLC for a cash purchase price of $130.0 million. The deal, which New Capital Partners sold, expands Addus’ hospice capabilities and provides strategic entry into new geographic markets including Texas; Hospice Partners serves ~1,000 patients daily across 21 locations with approximately $55 million of annualized revenue.

Addus HomeCare Acquires A Plus Health Care

July 1, 2020

Healthcare Services

Addus HomeCare Corporation (NASDAQ: ADUS) completed the acquisition of A Plus Health Care, Inc., a Kalispell, Montana-based provider of personal care, private duty nursing, care management and medical staffing. The deal, funded with cash on hand and closed July 1, 2020, expands Addus's presence in Montana and adds approximately 650 employees and $10.4 million of 2019 revenue to its operations.

Addus HomeCare Acquires Apple Home Healthcare, LTD

October 1, 2022

Healthcare Services

Addus HomeCare Corporation acquired Apple Home Healthcare, LTD, a Chicago-based home health provider, effective October 1, 2022. The acquisition expands Addus’s home health footprint in the greater Chicago area and adds clinical home health capabilities to its existing personal care services; Apple served an average daily census of ~450 patients with ~ $10 million in annual revenue.

Addus HomeCare Acquires JourneyCare Hospice Operations

February 1, 2022

Healthcare Services

Addus HomeCare Corporation completed the acquisition of substantially all assets of JourneyCare, Inc.'s hospice operations for approximately $85 million in cash. JourneyCare, based in Glenview, Illinois, operates hospice and palliative services serving an average daily adult census of about 750, generates roughly $55 million in annual revenue, and brings over 500 employees to Addus as part of the deal.

Addus HomeCare Acquires Gentiva's Personal Care Operations

December 2, 2024

Healthcare Services

Addus HomeCare completed the acquisition of Gentiva's personal care operations, adding annualized revenues of approximately $280 million and expanding Addus' service footprint across seven states (Arizona, Arkansas, California, Missouri, North Carolina, Tennessee and Texas). The deal brings operations that serve over 16,000 consumers per day into Addus, establishing Addus as the largest personal care provider in Texas and expanding its scale in existing and new markets.

Addus HomeCare Acquires Summit Home Health, LLC

October 4, 2021

Healthcare Services

Addus HomeCare Corporation acquired Summit Home Health, LLC (effective October 1, 2021) to add skilled clinical home health services in the greater Chicago area. The acquisition, funded with cash on hand, expands Addus' clinical capabilities in one of its largest personal care markets and is expected to create revenue synergies by integrating Summit's clinical staff and operational leaders.