Public Company Healthcare

Addus HomeCare

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.

Focus Areas
Personal Care Services, Home Care Services, Hospice Care
Website
addus.com

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

Addus HomeCare Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Addus HomeCare. 1 2019 1 2020 3 2021 2 2022 1 2023 1 2024 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Addus HomeCare
    Target
    AccentCare personal care operations outside New York
    Seller
    AccentCare
    Location
    United States
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    HomeCourt Home Care
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    Gentiva personal care operations (personal care division/operations of Gentiva)
    Seller
    Gentiva
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    Tennessee Quality Care
    Seller
    American Health Partners
    Type
    Buyout

    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).

  • Buyer
    Addus HomeCare Corporation
    Target
    Apple Home Healthcare, LTD
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    JourneyCare, Inc.
    Seller
    JourneyCare, Inc.
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    Summit Home Health, LLC
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    Armada Skilled Home Health of New Mexico, LLC, Armada Hospice of New Mexico, LLC, Armada Hospice of Santa Fe, LLC
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    Queen City Hospice, LLC, Miracle City Hospice, LLC
    Seller
    Stonehenge Partners
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    A Plus Health Care, Inc.
    Type
    Buyout

    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.

  • Buyer
    Addus HomeCare Corporation
    Target
    Hospice Partners of America, LLC
    Seller
    New Capital Partners
    Type
    Buyout

    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.

Related Acquisition Pages

Selling a company? Get in front of buyers like Addus HomeCare

Turn tracked acquisition activity into an outreach-ready buyer list.