Hospice Continues to Trump Home Health Care on M&A Front

Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: Adus) has signed a definitive agreement to purchase Hospice Partners of America LLC for $130 million cash, the multi-state home care services provider announced Monday. The move is yet another example of how hospice is outpacing home health care on the M&A front. Frisco, Texas-based Addus is primarily a […]

M&A and Financing Newsflash: Addus Finalizes $40 Million Ambercare Deal

Addus Completes Purchase of Ambercare Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) announced Tuesday it has completed its deal to buy Ambercare Corporation, Inc., a personal care, hospice and home health services provider headquartered in Albuquerque, New Mexico. Addus provides home care services to more than 36,000 clients through 142 offices in more than two dozen states. […]

Addus Sets Revenue Record, Moves Forward with Hospice

Addus HomeCare (Nasdaq: ADUS) achieved a new record for net service revenue in the fourth quarter of 2017 and recently made its first serious foray into hospice. Going forward, Frisco, Texas-based Addus will evaluate how the new service line complements its existing personal care business as the company seeks to expand in 2018. For the […]

Addus to Buy New Mexico Home Health Provider for $40M

Addus HomeCare (Nasdaq: ADUS) has signed a definitive agreement to purchase Ambercare Corporation, which provides personal care, hospice and home health services, for the purchase price of $40 million. Ambercare, based in Albuquerque, New Mexico, generated revenue of approximately $57 million in 2017. Ambercare serves roughly 2,600 consumers through 15 locations located across New Mexico. The […]

CellTrak Gains Additional Support as Point of Care Technology

CellTrak Technologies, Inc. continues to gain steam in the home health industry for its point of care technology, as another provider just recently announced its adaptation of CellTrak’s mobile solutions.  Ambercare, a New Mexico-based provider of home health, hospice and medical equipment supplies, announced Wednesday that is has chosen CellTrak’s VisitManager technology to use across […]