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ADUS - Addus HomeCare To Acquire Hospice Partners Of America For $130 Million
Addus HomeCare Corporation
Quick Take
Addus HomeCare (ADUS) announced it has agreed to acquire Hospice Partners of America for $130 million.
Hospice Partners of America operates as a multi-state hospice and palliative care provider.
ADUS looks to have paid a premium for the deal, which will add to its integrated care delivery model and provide an entry point into the large Texas market.
Target Company
Birmingham, Alabama-based Hospice Partners was founded in 2008 and serves about 1,000 patients daily through 21 locations across Idaho, Kansas, Missouri, Oregon, Texas and Virginia, as well as an annual revenue