M&A Deal Summary

HCS-Girling Acquires Addus HomeCare - Personal Care Operations

On May 21, 2024, HCS-Girling acquired healthcare services company Addus HomeCare - Personal Care Operations from Addus

Acquisition Highlights
  • This is HCS-Girling’s 1st transaction in the Healthcare Services sector.
  • This is HCS-Girling’s 1st transaction in the United States.
  • This is HCS-Girling’s 1st transaction in New York.

M&A Deal Summary
Date 2024-05-21
Target Addus HomeCare - Personal Care Operations
Sector Healthcare Services
Buyer(s) HCS-Girling
Sellers(s) Addus
Deal Type Divestiture

Target

Addus HomeCare - Personal Care Operations

New York, United States
Addus HomeCare's Personal Care Operations provides personal care services and fiscal intermediary services under the New York Consumer Directed Personal Assistance Program (“CDPAP”).

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Buyer(S) 1

Buyer

HCS-Girling

Brooklyn, New York, United States
Category Company
Founded 2022
Sector Healthcare Services
DESCRIPTION

HCS-Girling is a provider of healthcare services. HCS-Girling was formed in 2022 and is based in Brooklyn, New York.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

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 3 of 3
Sector (Healthcare Services) 3 of 3
Type (Divestiture) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Tennessee Quality Care

Franklin, Tennessee, United States

Tennessee Quality Care is a provider of home health, hospice, and private duty nursing services. Tennessee Quality Care is based in Franklin, Tennessee.

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