Key Developments: Addus Homecare Corp (ADUS.O)

ADUS.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Addus HomeCare Corp announces acquisition of Aid & Assist at Home, LLC
Monday, 2 Jun 2014 04:00pm EDT 

Addus HomeCare Corp:Acquires CURA Partners, LLC (D/B/A Aid & Assist at Home, LLC) effective June 1.Winston & Strawn LLP served as legal advisor to the company and Provident Healthcare Partners, LLC acted as financial advisor to the company.Financial terms were not disclosed.  Full Article

Addus HomeCare Corp announces closing of its previously announced purchase of fifteen offices in New Mexico
Friday, 6 Dec 2013 12:30pm EST 

Addus HomeCare Corp:Says that the company closed on its acquisition of the previously announced purchase of substantially all of the assets of Coordinated Home Health Care, LLC and certain of its subsidiaries effective as of Dec. 1, 2013.Says acquisition includes fifteen offices located in southern New Mexico and further expands the company's presence in that state.Says Winston & Strawn LLP served as legal advisor to the company and Provident Healthcare Partners, LLC. acted as financial advisor to the company.  Full Article

Addus HomeCare Corp Announces Completion Of Sale of Home Health Assets to LHC Group, Inc's Subsidiaries
Wednesday, 13 Mar 2013 07:30am EDT 

Addus HomeCare Corp announced that effective March 1, 2013, the Company completed the sale to subsidiaries of LHC Group, Inc. of substantially all of the assets used in the Company's Home Health business in Arkansas, Nevada and South Carolina, and 90% of the Home Health business in California and Illinois with the Company retaining a 10% ownership interest in those locations. The purchase price of the assets totaled approximately $20 million in cash. The net proceeds from the transaction are being used to pay off outstanding debt and for general corporate purposes.  Full Article

LHC Group Inc Signs Definitive Agreement To Acquire Home Health Business From Addus HomeCare Corp
Thursday, 7 Feb 2013 07:00am EST 

LHC Group Inc announced that it has entered into a definitive agreement to acquire the home health service line of Addus HomeCare Corp. The transaction is expected to close on or about February 28, 2013. The acquisition will encompass 19 home health agencies and two hospice agencies in five states. When the transaction is complete, LHC Group, a national provider of post-acute care, will operate more than 300 locations in 23 states nationwide. Purchase price for the transaction is $20 million.  Full Article

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