Addus Building Up Hospice, Home Health, Co-Locating with Personal Care Business

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 […]

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 CEO: Geography a Key Factor in M&A Decisions Amid High Hospice Multiples

Geographic location and the ability to co-locate new hospice operations with personal care or home health assets are key factors in how Addus HomeCare Corp. (NASDAQ: ADUS) makes merger and acquisition decisions. These considerations have become even more important as multiples in the hospice space continue to rise.  Multiples in the hospice and home care […]

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 […]

BrightSpring Moves Into Hospice Space with Abode Healthcare Acquisition

BrightSpring Health Services has purchased Abode Healthcare from Summit Partners with a reported valuation of $775 million, PE Hub reported. The transaction is projected to bring the combined company roughly $6 billion in annual revenue. Louisville, -based BrightSpring’s total value currently rests at approximately $10 billion. Brightspring is a portfolio company of the global investment […]

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 […]

[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 […]