Announced
Completed
Synopsis
Addus HomeCare, a provider of home- and community-based services to old and young disabled individuals in the United States, completed the acquisition of Tennessee Quality Care, a provider of home health care, private-duty nursing, and hospice services, from American Health Partners. Financial terms were not disclosed. “We are pleased to expand our market presence in Tennessee with the addition of the Tennessee Quality Care operations. This acquisition fits squarely into our growth strategy to leverage our strong personal care presence and add clinical services in key markets. The acquired operations are approximately 70% home health, including private duty nursing, and 30% hospice care, expanding our market coverage to all three levels of care in the state. Tennessee is a Certificate of Need state for both home health and hospice care, making entry into the market more difficult, particularly at scale. We are excited to add approximately $40m in annualized revenues in the state with this acquisition and look forward to further growth and opportunities from our ability to provide all three levels of care,” Dirk Allison, Addus Chairman and CEO.
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