M&A Deal Summary

Addus Acquires Hospice Partners of America

On August 26, 2019, Addus acquired healthcare services company Hospice Partners of America from New Capital Partners for 130M USD

Acquisition Highlights
  • This is Addus’ 6th transaction in the Healthcare Services sector.
  • This is Addus’ 2nd largest (disclosed) transaction.
  • This is Addus’ 7th transaction in the United States.
  • This is Addus’ 1st transaction in Alabama.

M&A Deal Summary

Date 2019-08-26
Target Hospice Partners of America
Sector Healthcare Services
Buyer(s) Addus
Sellers(s) New Capital Partners
Deal Type Add-on Acquisition
Deal Value 130M USD
Advisor(s) Triple Tree LLC (Financial)

Target

Hospice Partners of America

Birmingham, Alabama, United States
Hospice Partners of America LLC is a multi-state provider of hospice services, headquartered in Birmingham, Alabama. Hospice Partners of America currently serves an average daily census of approximately 1,000 patients through 21 locations across Idaho, Kansas, Missouri, Oregon, Texas, and Virginia.

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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 7 of 14
Sector (Healthcare Services) 6 of 13
Type (Add-on Acquisition) 6 of 13
State (Alabama) 1 of 1
Country (United States) 7 of 14
Year (2019) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-02 Arcadia Home Care & Staffing

Southfield, Michigan, United States

Arcadia Home Care & Staffing is a provider of home care services. Arcadia Home Care & Staffing was founded in 1978 and is based in Southfield, Michigan.

Buy $19M
FOLLOWING 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 -

Seller(S) 1

DESCRIPTION

New Capital Partners is a private equity firm focused on investing in high-growth companies. The Firm has a preference for Southeast US-based companies looks to acquire and/or partner with businesses and management teams who are seeking to build sustainable companies. Sectors of interest include healthcare services, healthcare IT, financial services, financial technology, and business services. New Capital Partners was established in 2001 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 7 of 11
Sector (Healthcare Services) 5 of 6
Type (Add-on Acquisition) 4 of 7
State (Alabama) 3 of 3
Country (United States) 7 of 11
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 ACES Quality Management

Denver, Colorado, United States

ACES Quality Management engages in web-based quality assurance software for the financial services industry. ARMCO provides a wide range of mortgage quality control (QC), compliance and transaction risk management technologies. ARMCO product line includes loan quality enterprise software, services, data and analytics, and their flagship product, ACES Audit Technology, is used at virtually every point in the mortgage life cycle, setting the industry standard for user definability. ACES Quality Management is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Sprout

Statesville, North Carolina, United States

Sprout is a provider of ITAD and e-waste solutions. Sprout was founded in 2014 and is based in Statesville, North Carolina.

Buy -