Addus HomeCare Corp (ADUS): M&A transaction — Addus completes $350M acquisition of Gentiva personal care business, adds ~$280M annual revenue

Addus HomeCare Corp

Purchase price of $350M in cash funded via revolving credit facility and portion of June 2024 public offering proceeds.
Acquired operations serve over 16,000 consumers per day in seven states: AZ, AR, CA, MO, NC, TN, TX.
Addus becomes the largest personal care provider in Texas, a new market.
Transaction expected to be accretive to Addus financial results with annualized revenue of ~$280M.
Integration teams have been working over six months; company continues M&A strategy for 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Addus HomeCare Corp completed an acquisition involving Curo Health Services, LLC, which does business as Gentiva for $350 million (closed 2024-12-02).

Action: acquisition
Counterparty: Curo Health Services, LLC, which does business as Gentiva
Consideration: $350 million
Closing: 2024-12-02

Exact text from the filing

Healthcare, LLC, a Delaware limited liability company, and (iv) Odyssey HealthCare Operating A, LP, a Delaware limited partnership, for an aggregate purchase price, in cash, of $350 million, subject to customary adjustments for working capital and other items. The purchase was funded through the Company’s existing revolving credit facility and a portion of the net

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7 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Addus HomeCare Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-268958

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