ADUS - Mergers and acquisitions

Company Adds Significant Clinical Market Presence in Tennessee with Annualized Revenues of Approximately $40 Million Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced it has completed the acquisition of the entities comprising Tennessee Quality Care, a provider of home health, hospice, and private duty nursing services. Based in Franklin, Tennessee, Tennessee Quality Care serves an average daily census of approximately 1,800 patients through 17 locations covering a service area of over 50 counties in Tennessee. Addus funded the acquisition through a combination of cash on hand and the Company's revolving credit facility. Commenting on the announ

Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced the acquisition of Apple Home Healthcare, LTD ("Apple"), effective October 1, 2022. Based in Chicago, Illinois, Apple serves an average daily adult census of approximately 450 patients in an 11-county metro area in and around Chicago, with annual revenues of approximately $10 million. Founded 25 years ago, Apple offers home health services for patients recovering from acute illnesses and procedures. Commenting on the announcement, Dirk Allison, Chairman and Chief Executive Officer of Addus HomeCare Corporation, stated, "We are pleased to announce the addition of Apple to our expanding operations in

Illinois Business Provides Hospice Services Producing Annual Revenues of Approximately $55 Million Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced that yesterday it completed the acquisition of substantially all the assets of JourneyCare, Inc. (JourneyCare) for a cash purchase price of approximately $85 million, after customary purchase price adjustments. Based in Glenview, Illinois, JourneyCare serves an average daily adult census of approximately 750 patients in a surrounding 13 county territory. Commenting on the announcement, Dirk Allison, Chairman and Chief Executive Officer of Addus HomeCare Corporation, stated, "Completing the purchase of Journ

Adds Clinical Services to Company's Largest Market in Illinois Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced the acquisition of Summit Home Health, LLC ("Summit"), effective October 1, 2021. The Company funded the transaction with cash on hand. Based in Bolingbrook, Illinois, a suburb of Chicago, Summit currently serves an average daily census of approximately 240 patients for skilled home health services, with primary coverage in the 14 counties in and around Chicago. Summit currently has annualized revenues of approximately $7.0 million. Dirk Allison, Chairman and Chief Executive Officer of Addus HomeCare Corporation, commented, "We have con

FRISCO, Texas, Dec. 4, 2020 /PRNewswire/ -- Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced that it has completed the acquisition of Queen City Hospice, LLC, and its affiliate Miracle City Hospice, LLC (together "Queen City Hospice") for a cash purchase price of $192.0 million, representing $162.8 million of value, net of the present value of $29.2 million in estimated tax benefits. Based in Cincinnati, Ohio, Queen City Hospice currently serves an average daily census of approximately 900 patients across the state of Ohio. Dirk Allison, President and Chief Executive Officer of Addus HomeCare Corporation, commented, "We are very pleased to comp