Addus to Acquire Gentiva’s Personal Care Business in $350M Deal

Addus HomeCare Corporation (NASDAQ: ADUS) has entered into a definitive agreement to acquire Gentiva’s personal care business for about $350 million. Gentiva’s personal care segment brings in annual revenues of close to $280.0 million. Post-transaction, Addus will continue with a leverage ratio of less than 3x, with the ability to further that amount with the […]

Addus CEO: Hospice Headwinds Starting to Abate

Addus Homecare Corp. (NASDAQ: ADUS) is seeing constrictions on growth start to ease in its hospice business. Many of those headwinds were associated with lingering effects of the pandemic. Like many hospice providers, Addus has faced COVID-19 challenges that include reduced patient volumes and shorter length of stays. Now, the company’s hospice rebound is starting […]

Addus HomeCare Expects 2024 Acquisitions

Addus HomeCare Corp. (NASDAQ: ADUS) is poised for further acquisitions, potentially including some hospice deals. The company is seeking to pair its clinical services with its personal business in its existing markets. This is a cornerstone of its acquisition strategy. But Addus Chairman and CEO Dirk Allison does not rule out the possibility of moving […]

Hospice Investors to Watch in 2024

Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third […]

Addus Completes Tennessee Quality Care Deal, Anticipates More Transactions

Addus HomeCare Corp. (NASDAQ: ADUS) has completed the acquisition of the home health, hospice and private-duty company Tennessee Quality Care for an undisclosed amount. Across all of its business lines, the Franklin, Tennessee-based provider serves nearly 1,800 patients daily from 17 locations that cover 50 of that state’s 95 counties. Addus covered the transaction with […]

High Price Tags Pushing Addus Away from Hospice Acquisitions

High valuations have led Addus HomeCare (NASDAQ: ADUS) to pivot towards personal care and home health deals rather than hospice acquisitions. Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. And though last year’s numbers were somewhat skewed by massive deals, price tags remain high overall. Those costs are making […]

Addus Positioned to ‘Stay Acquisitive’ During 2022

Acquisitions will be crucial to Addus HomeCare Corp.’s (NASDAQ: ADUS) 2022 objectives as COVID headwinds start to abate. The company expects to gain momentum on expansion as the year progresses. Acquisitions remain an important part of the company’s growth strategy as it seeks to co-locate each of its three business lines in the markets it […]

Addus Gains Momentum on JourneyCare Integration

Addus HomeCare Corp (NASDAQ: ADUS) is gaining traction in its integration of JourneyCare as it works to build a larger continuum of coordinated care. Addus completed its $85 million acquisition of Illinois-based nonprofit JourneyCare last month. Serving 750 patients daily in 13 counties, the organization is among the largest hospice providers in that state. The […]

Addus To Build Out Care Continuum Via Hospice, Home Health M&A

This will be another active year for acquisitions at Addus HomeCare Corp (NASDAQ: ADUS), as the company seeks to build out its care continuum from personal care to home health and hospice. A goal for Addus is greater coordination between its three business lines to allow for timely and smooth transitions of care, according to […]