M&A Deal Summary

Addus Acquires Queen City Hospice

On November 11, 2020, Addus acquired healthcare services company Queen City Hospice for 192M USD

Acquisition Highlights
  • This is Addus’ 8th transaction in the Healthcare Services sector.
  • This is Addus’ largest (disclosed) transaction.
  • This is Addus’ 9th transaction in the United States.
  • This is Addus’ 1st transaction in Ohio.

M&A Deal Summary
Date 2020-11-11
Target Queen City Hospice
Sector Healthcare Services
Buyer(s) Addus
Deal Type Add-on Acquisition
Deal Value 192M USD

Target

Queen City Hospice

Mason, Ohio, United States
website
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.

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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 9 of 14
Sector (Healthcare Services) 8 of 13
Type (Add-on Acquisition) 8 of 13
State (Ohio) 1 of 1
Country (United States) 9 of 14
Year (2020) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 A Plus Health Care

Kalispell, Montana, United States

A Plus Health Care, Inc. provides home care services, including personal care, private duty nursing, care management, and medical staffing, to approximately 1,200 clients through over 650 employees in seven office locations. A Plus Health Care is based in Kalispell, Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Armada

Albuquerque, New Mexico, United States

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.

Buy $29M
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