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New Deal


Announced

Completed

Stonehenge Partners-backed Addus HomeCare completed the acquisition of Queen City Hospice and Miracle City Hospice from Stonehenge Partners for $192m.

Financials

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Transaction Value£142m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.4x
EV/EBITDA15.72x
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Domestic

Health Care Services

Majority

Private

Friendly

Single Bidder

hospice

hospice care

Completed

hospital chain

Private Equity

Synopsis

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Stonehenge Partners-backed Addus HomeCare, a provider of home care services, completed the acquisition of hospice services providers Queen City Hospice and Miracle City Hospice, from Stonehenge Partners, a private equity firm, for $192m. "This acquisition further advances our strategy of providing hospice and home health care in markets where we already have a significant personal care presence. We share a common culture focused on compassionate, patient-centered care, and we look forward to a smooth integration of our operations. Importantly, we expect this transaction to be immediately accretive to our financial results," Dirk Allison, Addus HomeCare President and Chief Executive Officer.

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