Addus to acquire AccentCare personal care ops for $275M; adds ~$280M revenue

Addus HomeCare Corp

Addus to acquire AccentCare's personal care ops outside NY for $275M in cash; no financing condition or termination fee.
Deal expected to add ~$280M annualized revenue, a ~19% increase to Addus' revenue base, and be accretive.
Adds ~13,700 daily customers across a 10-state footprint: TX, IL, CA, AZ primary; plus CO, GA, MN, PA, TN, WA.
Closing subject to regulatory approvals including HSR waiting period; financed via revolver and cash on hand.

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