Addus HomeCare to acquire the personal care operations of Gentiva for $350m.

Addus HomeCare, a provider of home care services, agreed to acquire the personal care operations of Gentiva, a provider of home health care, hospice, and related health services in the United States, for $350m. "We believe this acquisition is a great strategic fit for Addus, and we are excited about the opportunity to expand our personal care market coverage in seven states, including Texas and Missouri, which are new markets for Addus. Notably, Gentiva is the largest provider of personal care services in the state of Texas, where we currently have no personal care operations. This acquisition fits squarely into our growth strategy to leverage our strong personal care experience to build scale in existing markets as well as enter select new markets where we can immediately establish a significant presence," Dirk Allison, Addus Chairman and CEO.