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New Deal


Announced

Completed

Addus HomeCare completed the acquisition of JourneyCare for $85m.

Financials

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Transaction Value£62m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Health Care Services

Single Bidder

Private

hospice care

Domestic

United States

Acquisition

Majority

Completed

Synopsis

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Addus HomeCare, a provider of home care services, completed the acquisition of JourneyCare, a hospice care company for $85m. “Completing the purchase of JourneyCare’s hospice operations is an exciting step for Addus. As we’ve discussed, JourneyCare is a leading provider of hospice care with a long history of serving the greater Chicago area. We already have a strong market presence in Illinois, and this acquisition enables us to provide all three levels of home care in Illinois, consistent with our broader growth strategy. We are delighted to welcome the operations team and clinical staff of over 500 dedicated employees to the Addus family. We now have an opportunity to leverage our combined expertise along with a shared commitment to providing compassionate, patient-centered care, and we look forward to an efficient integration of JourneyCare’s operations," Dirk Allison, Addus HomeCare Chairman and CEO.

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