Though hospice deal volume dipped in 2022 compared to previous years, five particular transactions could paint a larger picture of where investors see value in the space. These interesting, unusual or groundbreaking deals could signal what’s to come in 2023 and help shape the hospice market’s long-term future. Optum to pick up LHC Group Though […]
Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., for an undisclosed sum. Texas-based Addus has more than 200 locations across 22 states, including Illinois. The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. The company’s growth sights have […]
Addus HomeCare (NASDAQ: ADUS) has completed its $85 million acquisition of Illinois-based nonprofit hospice provider JourneyCare Inc. As a result of the deal JourneyCare has transitioned to for-profit status. Addus financed the deal, via cash on hand and the company’s revolving credit facility. The company in 2021 opened a $600 million revolving line of credit […]
Addus HomeCare (NASDAQ: ADUS) has purchased JourneyCare Inc., for an anticipated sale price of $85 million. JourneyCare, a nonprofit, is one of the largest hospice providers in Illinois, serving 750 patients daily in 13 counties. Addus had indicated in 2021 earnings calls that the company would lean its M&A activity towards personal care and home […]
Addus HomeCare (NASDAQ: ADUS) has secured a $600 million revolving line of credit, with Capital One Financial Corp. (NYSE: COF) as the lead arranger and administrative agent. The company intends to apply the credit to pursue further acquisitions. Addus is on the hunt for acquisitions. While its 2021 acquisition strategy is heavily weighted toward home […]
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