Home Health Care News July 13, 2021
Addus HomeCare Corporation (Nasdaq: ADUS) has signed a definitive agreement to acquire Armada Skilled Home Health and Hospice, further building out its already sizable footprint in the state of New Mexico.
It’s yet another step for Addus in its quest to build out home health, hospice and personal care lines in specific markets and states, as it did in Ohio with its purchase of Queen City Hospice in 2020. It’s also a way for a company that historically has done most of its business in personal care services to continue diversifying its clinical and payer mix.
The deal will be completed through a cash purchase price of approximately $29 million. It is expected to close on Aug. 1.