M&A Deal Summary

Addus Acquires Coordinated Home Health Care

On March 1, 2014, Addus acquired healthcare services company Coordinated Home Health Care from Transition Capital Partners

Acquisition Highlights
  • This is Addus’ 2nd transaction in the Healthcare Services sector.
  • This is Addus’ 2nd transaction in the United States.
  • This is Addus’ 1st transaction in New Mexico.

M&A Deal Summary
Date 2014-03-01
Target Coordinated Home Health Care
Sector Healthcare Services
Buyer(s) Addus
Sellers(s) Transition Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Provident (Financial)
Winston & Strawn (Legal)

Target

Coordinated Home Health Care

Las Cruces, New Mexico, United States
Coordinated Home Health Care provider of home health caregiver services in the State of New Mexico.

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Buyer(S) 1

Buyer

Addus

Frisco, Texas, United States
Category Company
Founded 1979
Sector Healthcare Services
Employees6,284
Revenue 1.1B USD (2023)
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 2 of 14
Sector (Healthcare Services) 2 of 13
Type (Add-on Acquisition) 1 of 13
State (New Mexico) 1 of 3
Country (United States) 2 of 14
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 MediHome division /Medical Services of America /

Lexington, South Carolina, United States

MediHome division /Medical Services of America, Inc./ private Duty operations of the Medi Home Private Care Division of Medical Services of America, Inc. (MSA).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Aid and Assist at Home

Nashville, Tennessee, United States

Aid & Assist At Home, LLC, a premier provider of nonmedical home care and support services to seniors and the disabled.

Buy -

Seller(S) 1

SELLER

Transition Capital Partners

Southlake, Texas, United States

Investor Investor Investor Investor

Category Family Office
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Transition Capital Partners is a private investment firm focused on leveraged recapitalizations of entrepreneurial service-based businesses. Transition generally looks for high-growth companies with $2 million to $8 million of EBITDA where the firm can help position the company for the next level of growth. Sectors of interest include healthcare services, non-asset based logistics, retail, alternative energy and services, security services, direct marketing, software, branded food/beverage, education, telecom, oil/gas services, and outsourcing. The Firm is affiliated with family office Patterson Thoma Investments. Transition Capital Partners was formed in 1993 and is based in Dallas, Texas.

DEAL STATS #
Overall 19 of 29
Sector (Healthcare Services) 10 of 10
Type (Add-on Acquisition) 4 of 8
State (New Mexico) 3 of 3
Country (United States) 19 of 29
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 LT Energy Services

Houston, Texas, United States

LT Energy Services LLC provides high-quality surface rental equipment, as well as various other oilfield services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-17 Hospice Source

Carrollton, Texas, United States

Hospice Source is a full-service provider of respiratory therapy and medical equipment (“DME”) focused exclusively on the hospice market. Hospice Source was founded in 1997 and is based in Carrollton, Texas.

Buy -
Mergr

Product

Company

Legal