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Addus HomeCare Corporation (Nasdaq: ADUS) has closed its $350 million acquisition of Gentiva’s personalcare business. Gentiva’s personalcare segment brings in annual revenues of close to $280.0 Notably, we will now be the largest provider of personalcare services in the state of Texas,” Allison said. “We
Among 112 hospice professionals who responded to the 2024 Outlook Survey by Hospice News and Homecare Homebase, 60% said that expanding current locations would be the growth tactic they plan to use the most during 2025. Hospices in 2025 are laser-focused on organic growth rather than other tactics like acquisitions.
Addus HomeCare Corporation (Nasdaq: ADUS) may slow down on mergers and acquisitions in the near term as it absorbs Gentiva’s personalcare business. Addus provides personalcare, home health and hospice to more than 48,500 patients across 22 states. Its personalcare revenues reached $215.4
Addus HomeCare Corporation (NASDAQ: ADUS) has entered into a definitive agreement to acquire Gentiva’s personalcare business for about $350 million. Gentiva’s personalcare segment brings in annual revenues of close to $280.0 The sale to Addus expected to close following customary regulatory approvals. “A
Though the acquisition market has slowed down this year for home-based care companies, Addus HomeCare Corp. The most prominent home-based care transactions so far this year have involved payers seeking to acquire large providers with multiple business lines. NASDAQ: ADUS) remains on the hunt.
Addus HomeCare Corp. The company is seeking to pair its clinical services with its personal business in its existing markets. The personalcare, hospice and home health provider is no stranger to acquisitions. The post Addus HomeCare Expects 2024 Acquisitions appeared first on Hospice News.
As Addus HomeCare Corp (NASDAQ: ADUS) gears up for expansion, the company is focused on ensuring its workforce can absorb the growing capacity. . Texas-based Addus provides personalcare to upwards of 42,000 patients across 22 states and roughly 210 locations. The company’s net service revenues rose 10.4.% in Q1 to $226.6
As Addus HomeCare Corporation (NASDAQ: ADUS) sinks teeth into acquisitions, the company will be taking smaller bites when it comes to hospice deals. Addus has indicated for roughly the last year that it will orient its M&A strategy towards its home health and personalcare services, with hospice becoming less of a priority.
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Addus HomeCare Corporation’s (NASDAQ: ADUS) is shifting its M&A strategy away from hospice deals to focus on its home health and personalcare businesses. Texas-based Addus provides personal, home health and hospice care across 207 locations in 22 states, reaching roughly 46,500 patients annually.
Meanwhile, Addus HomeCare Corporation (Nasdaq: ADUS) and Gentiva also completed one of the largest deals of the year. Addus earlier this month closed a $350 million acquisition of Gentivas personalcare business. Department of Justice has sued to block the deal, citing workforce, labor and payer concerns.
Addus HomeCare Corporation’s (NASDAQ: ADUS) hospice segment is seeing slow but steady improvement as pandemic headwinds ease. Meanwhile, the company’s near-term acquisition sights are set more on home health than in personalcare amid potential payment shifts. Its personalcare services arm reached $190.03
million total patients, according to the National Alliance for Care at Home. Its parent organization also operates senior living, pharmacy, development, independent living, personalcare, assisted living and memory care businesses, among others.
Homecare is more than just assistance with daily tasks. In fact, there are many emotional benefits to receiving homecare. By receiving care in a familiar environment, seniors can maintain their sense of self while enjoying the comfort of home. These services provide seniors with companionship, independence, and peace of mind.
Addus HomeCare Corporation (Nasdaq: ADUS) is anticipating slow-churning growth across its trifecta of home-based services. Texas-headquartered Addus provides personalcare, home health and hospice services in 23 states. The company projected evolving hospice industry dynamics over the next year.
Addus HomeCare Corporations (Nasdaq: ADUS) purchase of Gentivas personalcare segment is bearing fruit as the company drives forward on its acquisition strategy in 2025. Propellants of growth Addus provides home care services to roughly 61,500 individuals across 257 locations in 23 states. million in the Q4 of 2024, a 7.5%
Strategic priorities for Texas-headquartered Addus HomeCare Corporation (NASDAQ: ADUS) continue to focus on personalcare and home health and less on hospice as the company waits for the dust to settle following its Gentiva personalcare acquisition. Addus offers personalcare, hospice and home health.
When it comes to homecare, it is important to understand that each person has their own unique needs, preferences, and circumstances. This is why Community Home Healthcare offers personalizedhomecare plans to ensure that every client receives the support they need to live comfortably and independently at home.
Addus president, COO retires Addus HomeCare Corporation (Nasdaq: ADUS) President and COO Brad Bickham recently announced his retirement, effective March 2026. Texas-headquartered Addus provides personalcare, home health and hospice services in 22 states. The company has an annual census of roughly 200,000 patients.
Ohio-based Queen City Hospice, an Addus Homecare (NASDAQ: ADUS) company, recently opened a new location in its home state. Queen City Hospice provides end-of-life care in six counties across the Cincinnati area in the southwest part of the state. Demographics are driving up a need for serious illness and end-of-life care in Ohio.
Addus HomeCare Corp. NASDAQ: ADUS) has reached an agreement to purchase the home health, hospice and private duty operator Tennessee Quality Care for $106 million. Tennessee Quality Care operates 17 locations serving an average of 1,800 patients daily throughout 50 of the 95 counties in its home state.
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 — personalcare, home health and hospice. Since 2019, Addus has purchased seven personalcare companies and four home health and hospice agencies.
More than half (56%) of hospice care professionals indicated that they planned to launch palliative care programs during 2023 in this year’s Hospice News Industry Outlook Survey , prepared in collaboration with Homecare Homebase. Palliative Care News photo). It’s evolving.” 2023 Hospice News Outlook Survey and Report.
The Atlanta-based provider emerged from the former hospice and personalcare segments of Kindred at Home. Addus HomeCare Based on 2023 earnings trends,Addus HomeCare Cop. Gentiva Health Services Gentiva is a portfolio company of the private equity firm Clayton, Dubilier & Rice (CDR). NYSE: HUM) for $2.8
Atlanta, Georgia-headquartered Aveanna operates more than 300 locations in 33 states, providing care to upwards of 400,000 adults and children annually. Its services include home health, hospice, private duty services and personalcare. The company also provides medical solutions and durable medical equipment.
Addus HomeCare Corp. NASDAQ: ADUS) has completed the acquisition of the home health, hospice, and private-duty company Tennessee Quality Care for an undisclosed amount. All told, Addus provides hospice, home health and personalcare to an estimated 47,500 patients annually across 203 locations in 22 states. Census Bureau.
The transition board includes equal representation from NAHC and NHPCO, including directors who hail from the home health, hospice, palliative care, personalcare services, home care, and private duty realms. Of those, 922 of those members are providers, an NHPCO spokesperson told Hospice News.
Companies like The Pennant Group (NASDAQ: PNTG), Addus HomeCare (NASDAQ: ADUS) and BrightSpring Health Services Inc. Addus pursues deals amid rebound Meanwhile, Addus is seeking acquisitions that would pair its home health and hospice services with its personalcare business in its existing markets. VITAS is not alone.
Among this year’s biggest deals in terms of valuation and size was Gentiva’s $710 million acquisition of ProMedica’s hospice and home-based care assets. The Georgia-based hospice, palliative and personalcare provider in February agreed to acquire Heartland Hospice and other assets from the nonprofit health system.
Addus HomeCare Corporation’s (NASDAQ: ADUS) is also leaning on tech to boost staffing. We are investing in technology that will help us to further improve our sourcing, hiring and onboarding process to increase our personalcare hiring numbers to meet the robust demand of our services,” said Addus CEO Dirk Allison in a recent earnings call.
billion divestiture of a 60% stake in Kindred at Home’s hospice and personalcare segments to the private equity firm Clayton, Dubilier & Rice. Addus HomeCare Corporation’s (NASDAQ: ADUS) in January announced its $85 million acquisition of Illinois-based nonprofit hospice provider JourneyCare Inc. Billion (April 21).
billion divestiture of Kindred at Home’s hospice and personalcare segments. (NYSE: GS), a representative for Gentiva told Hospice News’ sister publication Skilled Nursing News. The deal marks Gentiva’s first purchase since the company emerged from Humana, Inc.’s s (NYSE: HUM) $2.8
Philadelphia-based All-American Home Care and Innovative Homecare Solutions in Illinois also appeared on the list. HealthFlex provides home health, hospice, palliative care, social work, and personalcare. said in a statement. Oakland, California-based Healthflex has made Inc.’s s list several years running.
billion divestiture of a 60% stake in Kindred at Home’s hospice and personalcare segments to the private equity firm Clayton, Dubilier & Rice. These include a focus on smaller target acquisitions as valuations remain high across health care sectors, including within hospice, home health and personalcare, according to Broussard.
Addus HomeCare Corporation (NASDAQ: ADUS) is among the companies reorienting its M&A strategy away from hospice deals and into home health. “We The rule’s finalization clears the way for more investment in home health and personalcare, with a smaller emphasis on hospice, Allison said. “We
Addus HomeCare (NASDAQ: ADUS) has gone all-in on building out its care continuum. Launched as a personalcare provider, the company in 2016 began offering hospice and home health to enhance its value proposition for payers by further reducing hospitalizations and emergency department visits. “If
Addus HomeCare Corporation (NASDAQ: ADUS) announced Wednesday that it has named a new EVP and chief development officer in Cliff Blessing, who had previously served as the EVP of corporate development for Encompass Health’s (NYSE: EHC) home health and hospice business. For context, last year, personalcare accounted for 79% of Addus’ revenue.
Staffing improvements and reimbursement shifts are paving Addus HomeCare’s (NASDAQ: ADUS) growth path this year. That path will divert more toward home health and personalcare – and less in the direction of hospice – as 2023 progresses. Its personalcare services reached $183.4 This represented 20.5%
Acquisitions will be crucial to Addus HomeCare Corp.’s Like many in health care, Addus has contended with labor headwinds tied to the COVID-19 variant surge that persisted through the first half of the quarter. s (NASDAQ: ADUS) 2022 objectives as COVID headwinds start to abate.
This annual award is based on the results of your client experience surveys. This annual award is based on the results of your client experience surveys.
Addus plans to stay busy in the acquisitions market in the latter half of the year into early 2023, targeting primarily personalcare and home health deals, according to CEO Dirk Allison. Since 2019, Addus has purchased seven personalcare companies and four home health and hospice agencies.
The Future Leaders Awards program is brought to you in partnership with Homecare Homebase. The program is designed to recognize up-and-coming industry members who are shaping the next decade of home health, hospice care, senior housing, skilled nursing, and behavioral health. To see this year’s Future Leaders, visit [link].
Care Around the Block 7. Griswold Home Care – Fargo Moorhead 8. HomeCentris PersonalCare – Montgomery County 10. BrightStar Care – CA – Carlsbad 17. Montebello Home Care – Beaumont, TX 19. SYNERGY HomeCare – Lubbock, TX 20. Westchester Family Care 25.
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