Addus HomeCare Seeks Acquisitions Amid Hospice Census Growth

Addus HomeCare Corp. (NASDAQ: ADUS) has a number of deals in its mergers and acquisition pipeline, some expected to occur in the fourth quarter. The company is leaning its M&A activity towards personal care and home health, but hospice transactions may be in the cards as they work to build density in markets where they […]

CSO Anderson: Addus Positioned for Hospice Expansion

Addus HomeCare Corp. (NASDAQ: ADUS) is on the hunt for acquisitions. While its 2021 acquisition strategy is heavily weighted toward home health and personal care, the company still has its eyes out for hospice assets. Addus provides hospice, home health and personal care services to nearly 44,000 patients through 215 locations in 25 states. The […]

Capital One Issues $600 Million in Revolving Credit to Addus to Fuel Acquisitions

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 […]

Addus to Stay Active in Hospice M&A Market

Addus HomeCare Corporation (NASDAQ: ADUS) is on the hunt for acquisitions. While its 2021 acquisition strategy is heavily weighted toward home health and personal care, the company has its eyes out for hospice assets. This is evidenced by the recent acquisition of Armada Hospice of New Mexico and Armada Hospice of Santa Fe for $29 […]

Addus to Acquire Armada Home Health, Hospice for $29 Million

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 Poised for Hospice, Home Health Acquisitions

Addus HomeCare Corporation (NASDAQ: ADUS) has more acquisitions in the works, some of which are expected to occur within the next few months. The company continues to pursue hospice and home health operations located in areas where they already established a presence with their personal care business. Addus launched as a personal care company, and […]

Addus Partners with Homecare Homebase on Integrated EMR Solution

Addus HomeCare Corp. (NASDAQ: ADUS) is partnering with software company Homecare Homebase to develop an integrated electronic health record (EHR) solution that would manage patient documentation across the provider’s continuum of post-acute care.  Addus provides hospice, home health, and personal care services to nearly 44,000 patients through 215 locations in 25 states. The new platform […]

Addus Primed for More Hospice Acquisitions Following Queen City Deal

Addus HomeCare Corporation (NASDAQ: ADUS) is actively pursuing additional hospice acquisitions in early 2021 even as it works to integrate its recent Queen City Hospice purchase in Ohio. In December 2020, the company bought Queen City and its affiliate Miracle City Hospice the private equity firm Stonehenge Partners for a cash purchase price of $192.0 […]

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 […]

Rising Demand, Value-Based Payment Reshaping Hospice Landscape

While a growing demand for end-of-life care has been a major force pushing hospice to the forefront of the health care mergers and acquisitions marketplace, evolving payment models and COVID-19 headwinds have been hurdles to building up investor interest in 2020. Despite the unknowns ahead, hospice market is expected to burgeon. Among the various sectors […]