M&A Deal Summary

Addus Acquires Armada

On July 13, 2021, Addus acquired healthcare services company Armada for 29M USD

Acquisition Highlights
  • This is Addus’ 9th transaction in the Healthcare Services sector.
  • This is Addus’ 4th largest (disclosed) transaction.
  • This is Addus’ 10th transaction in the United States.
  • This is Addus’ 3rd transaction in New Mexico.

M&A Deal Summary
Date 2021-07-13
Target Armada
Sector Healthcare Services
Buyer(s) Addus
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

Armada

Albuquerque, New Mexico, United States
website
Armada is a Medicare certified home health provider specializing in stroke, cardio-pulmonary and post surgical rehabilitation. Armada provides in-home nursing and rehabilitation service necessary for healthy independent living. Armada is based in Albuquerque, New Mexico.

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Buyer(S) 1

Buyer

Addus

Frisco, Texas, United States

website

Category Company
Founded 1979
Sector Healthcare Services
Employees6,284
Revenue 951M USD (2022)
DESCRIPTION

Addus is a comprehensive provider of home and community based services, which are primarily social in nature, are provided in the home, and are focused on the Dual Eligible population. Addus was incorporated in 1979 and is based in Frisco, Texas.

DEAL STATS #
Overall 10 of 14
Sector (Healthcare Services) 9 of 13
Type (Add-on Acquisition) 9 of 13
State (New Mexico) 3 of 3
Country (United States) 10 of 14
Year (2021) 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Queen City Hospice

Mason, Ohio, United States

Queen City Hospice LLC provides patient-centered care and support to residents of the Greater Cincinnati area in whatever place they call home. Queen City Hospice is based in Mason, Ohio.

Buy $192M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Summit Home Care

Bolingbrook, New York, United States

Summit Home Care provides an average daily census of approximately 240 patients for skilled home health services, with primary coverage in the 14 counties in and around Chicago. Summit Home Care is based in Bolingbrook, New York.

Buy -
Mergr

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