AcquisitionsSep 14, 2026, 05:18 PM
Addus HomeCare to Acquire AccentCare Personal Care for $275M
AI Summary
Addus HomeCare Corporation announced a definitive agreement to acquire the personal care and community care business of AccentCare, Inc. outside of New York for approximately $275 million in cash. This strategic acquisition is expected to add approximately $280 million in annualized revenue, significantly expanding Addus' personal care service capabilities in key states like Texas, Illinois, California, and Arizona, while also adding operations in six other states. The transaction is subject to customary closing conditions and regulatory approvals.
Key Highlights
- Addus HomeCare Corp to acquire AccentCare's personal care division for $275 million.
- Transaction is expected to add approximately $280 million in annualized revenue.
- Acquisition significantly expands personal care operations in Texas, Illinois, California, and Arizona.
- The acquired operations serve an average daily census of approximately 13,700 customers.
- Addus will fund the acquisition through a combination of its revolver and cash on hand.
Price Impact
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