secwatch.observer — SEC 8-K summary
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Issuer:     Addus HomeCare Corp (ADUS)
CIK:        0001468328
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001193125-23-178048
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468328/000119312523178048/0001193125-23-178048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468328/000119312523178048/d480959d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-178048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer