Addus HomeCare Corp acquires South Shore Home Health Care and Acaring Home Care

Addus HomeCare Corp acquired South Shore Home Health Care and Acaring Home Care for $21.8 million, a transaction completed in February 2016, structured as all cash.

South Shore Home Health Care and Acaring Home Care operates in Personal care, is based in New York City metropolitan area (Northeast), had revenue of about approximately $52 million (2015 revenue). Addus acquired the securities of South Shore Home Health Service and Acaring Home Care for a total purchase price of approximately $21.8 million. The businesses produced about $52 million of 2015 revenue and gave Addus a growth platform in the New York City metropolitan area and its first significant presence in the Northeast.

Create a platform for growth in the New York City metropolitan area and establish an initial presence in the Northeast.

Entry platform into the large New York City metropolitan personal-care market with about $52 million of revenue. Personal care segment

The completion of this transaction provides Addus with a great platform for growth in the New York City metropolitan area and creates a strong initial presence for the Company in the Northeast.Dirk Allison, President and CEO, Addus HomeCare

Advisory firms were not disclosed for this transaction.

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