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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. 

Company Quote

26 Feb 2015