Addus HomeCare Corporation (NASDAQ: ADUS) announced Tuesday it has acquired Tennessee-based Cura Partners, LLC (D/B/A Aid & Assist at Home, LLC), a deal that is expected to add $12 million to $13 million to Addus’ revenue this year.
Addus HomeCare provides comprehensive health care services including skilled nursing, personal care aides and rehabilitation, and provides services in 19 states, according to its website. This acquisition increases the company’s portfolio, as it includes eight offices that provide personal care services to seniors and those with disabilities throughout Tennessee.
“We are pleased to announce the purchase of Aid & Assist at Home as it substantially expands our footprint in Tennessee, a state which is on the forefront of transitioning its Medicaid long term care programs to managed care,” Mark Heaney, president and CEO of Addus HomeCare, said in a press release.
The company declined to disclose the purchase price of the acquisition.
Written by Emily Study