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How Home Health, Personal Care Reimbursement Guiding Addus’ M&A Strategy

Hospice News

Addus has indicated for roughly the last year that it will orient its M&A strategy towards its home health and personal care services, with hospice becoming less of a priority. Addus provides hospice, home health and personal care to an estimated 47,500 patients annually across 203 locations in 22 states.

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Addus Orients M&A Strategy Away From Hospice, Towards Home Health, Personal Care

Hospice News

Addus HomeCare Corporation’s (NASDAQ: ADUS) is shifting its M&A strategy away from hospice deals to focus on its home health and personal care businesses. Texas-based Addus provides personal, home health and hospice care across 207 locations in 22 states, reaching roughly 46,500 patients annually.

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Addus Taking a Cautious Approach to Hospice Deals

Hospice News

Valuations in the hospice space have led Addus Homecare (Nasdaq: ADUS) to take a more conservative approach to hospice transactions as it actively seeks home health and personal care deals. Hospice multiples reach record highs in 2020 and 2021, as much as 26x. Its personal care revenues reached $215.4

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New Employee Support Program Launches to Strengthen Hospice Retention

Hospice News

The program aims to help hospice and home health providers across to establish stronger employee assistance benefits that better align with their individual priorities. Connect program was in part driven by increasing recognition of the perils of staff burnout and turnover in home health and hospice. The C.A.R.E.

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Adena Health, ASHN Form Hospice, Home Health JV

Hospice News

“Building on our long-standing commitment to providing compassionate, patient-centered care to our communities and leveraging the breadth and experience of Alternate Solutions Health Network, our caregivers will be well-positioned to offer patients even more convenient and personalized care options.”

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Charter Healthcare Shakes Up Executive Team with New CEO, COO

Hospice News

Charter, a portfolio company of Pharos Capital Group, provides hospice, home health, complex care management and palliative care services to nearly 13,000 patients in eight states. “We We welcome Cheryl and Anna-Gene and look forward to their contributions in this vitally important area of comprehensive care solutions.”

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Addus Acquires Apple Home Healthcare

Hospice News

Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. Addus in 2021 opened a $600 million revolving line of credit with Capital One Financial Corp.