Addus completes Hospice Partners of America deal Addus HomeCare Corporation (Nasdaq: ADUS) has completed its purchase of Hospice Partners of America. The Frisco, Texas-based at-home care company bought the multi-state hospice provider for $130 million cash — $118.4 million of which was in value and $11.6 million was in estimated tax benefits, according to a […]
Hospice Partners of America
When Addus HomeCare Corporation (Nasdaq: ADUS) CEO Dirk Allison took the reins of the massive Medicaid-reimbursed personal home care provider in 2016, he pulled them in an entirely new direction. More than three years and several acquisitions later, his strategy to deepen the company’s footprint rather than widen it seems to be paying off — […]
Delaware Judge Signs Off on Bankruptcy Claim for 6-Site Hospice Firm A Delaware bankruptcy judge approved an order for the sale of part of or all of American Hospice Management LLC, a Florida-based hospice agency that operates in seven states. The provider has reportedly been seeking a buyer since March 2013 after the company agreed […]
American Hospice Management Holdings has filed for bankruptcy protection amid “severe financial stress,” leaving the hospice care provider six weeks to sell its business. Already, Hospice Partners of America made a “stalking horse” bid to acquire American Hospice’s operations in Virginia and Texas, leaving operations in Arizona, Florida, Georgia, New Jersey and Oklahoma up for […]
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