Addus HomeCare Corp (ADUS): M&A transaction — Addus HomeCare completes $106M acquisition of Tennessee Quality Care

Addus HomeCare Corp

Cash purchase price of $106M, funded through cash on hand and credit facility.
Acquired operations serve ~1,800 patients across 17 locations in 50+ Tennessee counties.
Annualized revenues of approximately $40M; over 500 employees added.
Expands clinical services in Tennessee where Addus already has strong personal care presence.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

Addus HomeCare Corp completed an acquisition involving American Home Care, LLC for $106.0 million (closed 2023-08-01).

Action: acquisition
Counterparty: American Home Care, LLC
Consideration: $106.0 million
Closing: 2023-08-01

Exact text from the filing

Parent”), and (iii) the Acquired Companies, Addus HealthCare acquired all of the issued and outstanding membership interests of AHC from Seller for a cash purchase price of $106.0 million, subject to customary adjustments for working capital and other items, which was paid in full in cash at the closing. The purchase was funded through a combination of cash on

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Addus HomeCare Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-200641

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