M&A
confidence high
sentiment positive
materiality 0.75
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.