Addus HomeCare Acquires Hospice Partners of America for $130M

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 Queen City Hospice and Miracle City Hospice for $192M

February 2, 2021

Healthcare Services

Addus HomeCare Corporation agreed to acquire Queen City Hospice, LLC and affiliate Miracle City Hospice, LLC for a cash purchase price of $192.0 million. The Cincinnati-based hospice provider serves roughly 900 patients daily with over 600 employees; Addus said the deal expands its hospice and home health capabilities in Ohio and is expected to be immediately accretive.

Addus HomeCare Acquires Tennessee Quality Care Operations

June 29, 2023

Healthcare Services

Addus HomeCare Corporation (Nasdaq: ADUS) has entered into a definitive agreement to acquire the entities comprising Tennessee Quality Care from American Health Partners. The acquisition adds approximately $40 million of annualized revenues, 17 locations serving an average daily census of ~1,800 patients across more than 50 Tennessee counties, and expands Addus' clinical presence in the state (home health, hospice and private duty nursing).

Addus HomeCare Acquires Armada Skilled Home Health and Hospice (New Mexico)

July 13, 2021

Healthcare Services

Addus HomeCare Corporation signed a definitive agreement to acquire Armada Skilled Home Health of New Mexico, Armada Hospice of New Mexico and Armada Hospice of Santa Fe for approximately $29.0 million in cash. The acquisition expands Addus' home health and hospice footprint in New Mexico (Armada is based in Albuquerque and has annualized revenues of about $23.0 million) and is expected to be immediately accretive to Addus' results.

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 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.