Addus HomeCare Corporation (NasdaqGS:ADUS) signed a definitive agreement to acquire Personal Care Operations of Centerwell Health Services, Inc for approximately $350 million on June 8, 2024. Addus will fund the acquisition through the Company?s existing revolving credit facility. For the period ending December 31, 2023, Personal Care Operations of Centerwell Health Services, Inc. reported total revenue of $280 million.

The transaction is subject to approval by regulatory board / committee, Hart-Scott-Rodino Antitrust Improvements Act and customary closing conditions. BofA Securities, Inc. acted as financial advisor and Bass, Berry & Sims PLC acted as legal advisor for Addus HomeCare Corporation. Goldman Sachs & Co.

LLC acted as financial advisor, Debevoise & Plimpton LLP and Ropes & Gray LLP acted as legal advisor for Centerwell Health Services, Inc.