Tracked deals
11
11 tracked deals across 2019-2026.
Frisco, Texas, United States
Addus HomeCare is one of the nation’s largest and fastest growing providers of personal home care and support services. The company’s mission is to provide cost-effective care and assistance that gives people the freedom to remain in their homes.
Tracked deals
11
11 tracked deals across 2019-2026.
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Buyout
11 buyout
Last 7 years
Supporting Data
Addus HomeCare has signed a definitive agreement to acquire AccentCare’s personal care division covering operations outside New York for approximately $275.0 million, subject to customary adjustments and closing conditions. The acquired business serves an average daily census of about 13,700 customers across a 10-state footprint and is expected to add roughly $280 million in annualized personal care revenue.
Addus HomeCare (NASDAQ: ADUS) acquired Indiana-based HomeCourt Home Care as part of its expansion into the state. The HomeCourt deal closed on May 1, and Addus also disclosed it has entered a definitive purchase agreement to acquire a second, similarly sized Indiana personal care provider expected to close in the coming months.
Addus HomeCare completed its acquisition of Gentiva’s personal care operations for an anticipated purchase price of about $350 million (after adjustments). The deal expands Addus’ personal care market coverage across seven states and adds new markets including Texas and Missouri, with Gentiva’s personal care operations serving 16,000+ consumers/patients daily.
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 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 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 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.
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 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 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 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.
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