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Addus to acquire hospice operator for $130M

Aug. 26, 2019 7:41 AM ETAddus HomeCare Corporation (ADUS) StockADUSBy: Douglas W. House, SA News Editor
  • Addus HomeCare (NASDAQ:ADUS) has agreed to acquire privately held Birmingham, AL-based Hospice Partners of America, LLC for $130M, consisting of $118.4M for the business and $11.6M of estimated tax benefits. It will fund the deal via its credit revolver.
  • Hospice Partners serves ~1,000 patients each day across 21 locations. Annualized revenue is ~$55M.

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