Addus - M&A Summary and Business Overview

Healthcare ServicesCompany

Addus M&A Summary

Addus has acquired 14 companies, including 8 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

Addus’ largest acquisition to date was in 2020, when it acquired Queen City Hospice for $192M. Addus has acquired in 9 different US states. The Company’s most targeted sectors include healthcare services (93%) and business services (8%).

Addus Business Overview

Where is Addus headquartered?

Addus is headquartered in Frisco, Texas.

What is Addus’ revenue?

Addus disclosed revenue of 1,059M USD for 2023 and 951M USD for 2022.

How many employees does Addus have?

Addus has 6,284 employees.

What sector is Addus in?

Addus is a healthcare services company.

When was Addus founded?

Addus was founded in 1979.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity14
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 3

Addus

Addus HomeCare Corp.

6303 Cowboys Way, Suite 600,
Frisco, Texas 75034
United States,
(469) 535-8200
www.addus.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 7 2 2 2 1 - 14
vol $149M $192M $29M $85M $455M
Sell (0.2/yr) # 2 - - - - 1 3
  17

Most Recent M&A

Company Date Value Type
Addus HomeCare - Personal Care Operations 2024-05-21 - Divestiture
, New York
Tennessee Quality Care 2023-06-29 - Add-on Acquisition
Franklin, Tennessee · www.tnquality.com
Apple Home Healthcare Ltd. 2022-10-01 - Add-on Acquisition
Chicago, Illinois · www.applehomehealthcare.com
JourneyCare, Inc. 2022-02-02 85M USD Add-on Acquisition
Glenview, Illinois · www.journeycare.org
Summit Home Health LLC 2021-10-04 - Add-on Acquisition
Bolingbrook, New York · www.trustsummit.com
Armada Skilled Homecare Services 2021-07-13 29M USD Add-on Acquisition
Albuquerque, New Mexico · www.armadahh.com
Queen City Hospice LLC 2020-11-11 192M USD Add-on Acquisition
Mason, Ohio · www.queencityhospice.com
A Plus Health Care, Inc. 2020-07-01 - Add-on Acquisition
Kalispell, Montana · www.aplushc.com
Hospice Partners of America LLC 2019-08-26 130M USD Add-on Acquisition
Birmingham, Alabama
Arcadia Home Care & Staffing 2018-04-02 19M USD Add-on Acquisition
Southfield, Michigan · www.arcadiahomecare.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 13 (93%) 436M (96%) 3 (100%) -
Business Services 1 (7%) 19M (4%) - -
Total 14 $455M 3 -

By Geo

State/Country Buy Value Sell Value
United States 14 455M 3 -
  Illinois 2 85M 2 -
  New Mexico 3 29M - -
  New York 2 - 1 -
  Tennessee 2 - - -
  South Carolina 1 - - -
  Ohio 1 192M - -
  Montana 1 - - -
  Michigan 1 19M - -
  Alabama 1 130M - -
Total 14 $455M 3 -

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
3
The Braff Group
1
Legal Deals
Bass, Berry & Sims PLC
1

Deal Values

buy # Total
$100M to $1B 2 $322M
< $100M 3 $133M
TOTAL $455M
Largest Queen City Hospice LLC
$192M (2020-11-11)

M&A Connections

Deals
Acquired from
Investor(s)
14%
2 (14%)
Strategic(s)
7%
1 (7%)
Divested to
Strategic(s)
100%
3 (100%)

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