secwatch / observer
8-K filed June 29, 2023, 7:59 PM ET ticker ADUS CIK 0001468328
M&A confidence high sentiment positive materiality 0.80

Addus HomeCare to acquire Tennessee Quality Care for $106M; adds ~$40M annual revenue

Addus HomeCare Corp

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Addus HomeCare Corp entered into Membership Interest Purchase Agreement with HHH Newco Holdings, LLC valued at cash purchase price of $106.0 million (effective 2023-06-28).

Action
entry
Agreement
asset purchase
Counterparty
HHH Newco Holdings, LLC
Value
cash purchase price of $106.0 million
Effective
2023-06-28
Exact text from the filing
On June 28, 2023, Addus HealthCare, Inc., an Illinois corporation (“Addus HealthCare”) and a wholly-owned subsidiary of Addus HomeCare Corporation (the “Company”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with (i) HHH Newco Holdings, LLC, a Michigan limited liability company (“Seller”), (ii) American Health Companies, LLC, a Tennessee limited liability company (“Seller Parent”), (iii) American HomeCare, LLC, a Tennessee limited liability company (“AHC”), (iv) Homecare, LLC, a Tennessee limited liability company (“Homecare”), (v) Tennessee Valley Home Care, LLC (d/b/a Tennessee Quality Care – Home Health), a Tennessee limited liability company (“TQC – Home Health”), and (vi) Tri-County Home Health and Hospice, LLC (d/b/a Tennessee Quality Care - Hospice), a Tennessee limited liability company (“TCQ – Hospice”, and together with AHC, Homecare, and TCQ – Home Health the “Acquired Companies”). Pursuant to the Purchase Agreement, Addus HealthCare has
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72 material agreements filed in the last 30 days. Browse all material agreements →

Addus HomeCare Corp filing history →

Source: SEC EDGAR
accession 0001193125-23-178048
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