Hospice Provider Addus Purchases SunLife HomeCare

Addus HomeCare Corporation (NASDAQ: ADUS) has acquired personal care provider SunLife HomeCare in Tucson, Ariz., for an undisclosed amount. SunLife brings in annualized revenues of $2.6 million. Expansion has been a priority for Addus as the company seeks to build a home health and hospice footprint that matches its personal care operations, its largest business […]

[UPDATED]Addus Purchases PE-Backed Queen City Hospice for $192 Million

Addus HomeCare Corporation (NASDAQ: ADUS) has entered into a definitive agreement to acquire Queen City Hospice, LLC, and its affiliate Miracle City Hospice, for a cash purchase price of $192.0 million. Queen City is a portfolio company of the private equity firm Stonehenge Partners. The purchase price includes $162.8 million of value, net of the […]

Addus on the Hunt for Hospice, Home Health M&A

Despite taking some hits from the COVID-19 pandemic and rising labor costs in some markets, hospice provider Addus Homecare Corp. (NASDAQ: ADUS) is dipping its toes back into the mergers and acquisitions game.  Addus backed off pursuing acquisitions during the early stages of the pandemic, as did much of the hospice industry in the first […]

Hospice Saw Largest 2019 M&A Deals in Care-at-Home Sector

Hospice led the charge on mergers and acquisitions during 2019. Dollar amounts for hospice transactions surpassed those in similar markets such as home health care, even though fewer deals occurred last year in the hospice, home health care and home care spaces than in 2018, according to a new quarterly M&A report from advisory firm […]

AngMar Medical Holdings Enters Hospice Market Via Acquisition

Mansfield, Texas-based home health provider AngMar Medical Holdings Inc., has entered the hospice space with the acquisition of its first agency, located in Wichita, Kan. The location will operate under AngMar’s new brand, Angels Care Hospice. Financial terms of the acquisition were not disclosed.  The name of the acquired hospice in Wichita is confidential per […]

Towerbrook, Ascension Health to Acquire Compassus for $1 Billion

Private equity firm Towerbrook Capital Partners and health system Ascension Health have agreed to purchase the Nashville-based hospice provider Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens, PEHub.com reported.  The two companies will split ownership of Compassus down the middle, each holding an equal stake, according to PEHub.com. […]