Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, has announced a definitive agreement to acquire the personal care operations of Gentiva for an anticipated purchase price, after customary purchase price adjustments, of approximately $350 million. Based in Atlanta, Georgia, Gentiva is a dedicated hospice, palliative, and personal care services company and the transaction relates only to its personal care operations, which serve over 16,000 patients per day in a seven-state service area of Arizona, Arkansas, California, Missouri, North Carolina, Tennessee and Texas. Addus expects to close the transaction following completion of regulatory approvals and subject to customary closing conditions.
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Source: https://www.businesswire.com/news/home/20240610676671/en/Addus-HomeCare-Announces-Definitive-Agreement-to-Acquire-Personal-Care-Operations-of-Gentiva