---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-178048"
form_type: "8-K"
ticker: "ADUS"
cik: "0001468328"
company_name: "Addus HomeCare Corp"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:49:00.673387+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Cash purchase price of $106M for Tennessee Quality Care; expected close in Q3 2023.
- Serves ~1,800 patients across 50+ Tennessee counties from 17 locations.
- Adds ~$40M annualized revenue; 70% home health/private duty, 30% hospice.
- Funded by cash on hand and revolving credit facility; no financing condition.
- Tennessee is a Certificate of Need state, making scaled entry difficult.

## SEC filing metadata
- accession: 0001193125-23-178048
- form_type: 8-K
- ticker: ADUS
- cik: 0001468328
- company_name: Addus HomeCare Corp
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468328/000119312523178048/0001193125-23-178048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468328/000119312523178048/d480959d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-178048
- JSON: https://secwatch.observer/filing/0001193125-23-178048.json
- Plain text: https://secwatch.observer/filing/0001193125-23-178048.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468328/000119312523178048/0001193125-23-178048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.