Home Health Care News December 2, 2024
Addus HomeCare Corp. (Nasdaq: ADUS) has completed its acquisition of Gentiva’s personal care assets. The deal will significantly bolster Addus’ footprint in certain states, and also allow the company to enter other states for the first time.
In a press release, Addus noted that the $350 million deal was funded through a combination of cash on hand and the company’s existing revolving credit facility. It will add 16,00 consumers per day across seven states – Arizona, Arkansas, California, Missouri, North Carolina, Tennessee and Texas. With the deal finalized, Addus is set to become the largest provider of home care services in Texas.
“We are excited to add the personal care operations of Gentiva, which will significantly expand our market coverage...
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