secwatch.observer — SEC 8-K summary
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Issuer:     Addus HomeCare Corp (ADUS)
CIK:        0001468328
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001193125-24-158317
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Addus HomeCare to acquire Gentiva personal care operations for $350M cash
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- Deal value ~$350M in cash plus customary adjustments; annualized revenues of acquired operations ~$280M.
- Adds 16,000+ patients/day across Arizona, Arkansas, CA, MO, NC, TN, TX; enters TX and MO as new personal care markets.
- Expected to close after Hart-Scott-Rodino and other regulatory approvals; no financing condition, funded via existing revolver.
- Transaction expected to be accretive; pro-forma leverage ratio below 3x, with rapid delevering from expected cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468328/000119312524158317/0001193125-24-158317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468328/000119312524158317/d40965d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-158317

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