Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced the signing of a definitive agreement to acquire Queen City Hospice, LLC, and its affiliate Miracle City Hospice, LLC (together “Queen City Hospice”) for a cash purchase price of $192.0 million, representing $162.8 million of value, net of the present value of $29.2 million in estimated tax benefits. Based in Cincinnati, Ohio, Queen City Hospice currently serves an average daily census of approximately 900 patients across the state of Ohio, including patients in the Cincinnati, Columbus, and Dayton markets. [GHA Editor’s note: Queen City Hospice is a portfolio company of Stonehenge Partners.]
Read the full article: Addus HomeCare Signs Definitive Agreement to Acquire PE-Backed Queen City Hospice, LLC and Affiliate //
Source: https://www.prnewswire.com/news-releases/addus-homecare-signs-definitive-agreement-to-acquire-queen-city-hospice-llc-and-affiliate-301170935.html