January 6, 2022
M&A
  • Addus HomeCare announced that it has reached an agreement to acquire “substantially all the assets of” JourneyCare for a purchase price of about $85 million. JourneyCare – one of the largest hospice and palliative care providers in Illinois – serves an average daily census of about 750 patients in 13 counties. The proposed deal, expected to close February 1, is part of Addus’ broader merger and acquisition strategy, which included last year’s addition of Summit Home Health, also in the Chicago area. (Article here)
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