About This Deal

Addus HomeCare Corp acquired JourneyCare for $72.5 million, a transaction completed in February 2022, structured as combination.

JourneyCare operates in Hospice, is based in Illinois. Addus acquired JourneyCare, Inc. for approximately $72.5 million, funded through a combination of a $35.0 million draw on its revolving credit facility and available cash on hand. The acquisition added hospice services in Illinois, expanding Addus's hospice footprint in the Chicago area.

Expand hospice services into Illinois with an established Chicago-area provider.

Established Illinois hospice provider that extended Addus's hospice segment into a major metropolitan market. Hospice segment

Deal Terms

Acquirer
Addus HomeCare Corp
Target
JourneyCare
Value
$72.5 million
Date
February 2022
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Illinois
Segment
Hospice
Structure
Combination
Closed
February 1, 2022

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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