In a $29 million deal, Addus HomeCare Corporation (NASDAQ: ADUS), has signed a definitive agreement to purchase three affiliated entities: Armada Skilled Home Health of New Mexico, LLC, Armada Hospice of New Mexico, LLC and Armada Hospice of Santa Fe, LLC. The Addus acquisition strategy is focused on co-locating its clinical hospice and home health […]
Addus HomeCare Corporation (NASDAQ: ADUS) plans to continue growing through acquisitions, devoting approximately $100 million to cover deals this year. The company’s current strategy is focused on co-locating its clinical hospice and home health operations in markets in which they already have a foothold with its personal care business. Addus launched as a personal care […]
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 […]
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 […]
Hospice and home health care provider Addus HomeCare Corporation (NASDAQ: ADUS) has completed a $130 million purchase of Birmingham, Ala.-based Hospice Partners of American, LLC. The $130 million purchase price represents $118 million of value, net the present value of $11.6 billion of estimated tax benefits, according to Addus. The Hospice Partners transaction was funded […]
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. […]
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