On last week’s Q3 earnings call, Addus HomeCare Corporation (Nasdaq: ADUS) effectively declared that its “short pause” on M&A activity was officially over. On Wednesday, the company put its money where its mouth is. The Frisco, Texas-based provider announced it has signed an agreement to acquire Queen City Hospice and its affiliate, Miracle City Hospice, for a cash purchase price of $192 million. Paired with the company’s executives’ comments on last week’s call, the acquisition is an early sign of Addus building out what it calls “a three-legged stool” in markets where it is already present. That stool is made up of personal care, home health and hospice services.
Read the full article: ‘The Clock Is Ticking’: What Addus’ $192M Hospice Deal Means for Home Health M&A //
Source: https://homehealthcarenews.com/2020/11/the-clock-is-ticking-what-addus-192m-hospice-deal-means-for-home-health-ma