Addus to buy Gentiva’s personal care assets for $350 million

Addus to buy Gentiva’s personal care assets for $350 million 
Home Health Care News; by Andrew Donlan; 6/10/24 
Addus HomeCare Corp. is set to acquire Gentiva’s personal care assets for about $350 million.Those assets amount to over 16,000 home care patients per day, in Arizona, Arkansas, California, Missouri, North Carolina, Tennessee and Texas. Addus – which just left the state of New York – will fund the acquisition through its existing revolving credit facility. “We believe this acquisition is a great strategic fit for Addus, and we are excited about the opportunity to expand our personal care market coverage in seven states, including Texas and Missouri, which are new markets for Addus,” Addus CEO Dirk Allison said. ... Addus currently provides home care, home health care and hospice services to over 49,000 consumers through 214 locations spanning 22 states.