Addus Completes Tennessee Quality Care Deal, Anticipates More Transactions
Hospice News
AUGUST 1, 2023
Addus HomeCare Corp. (NASDAQ: ADUS) has completed the acquisition of the home health, hospice, and private-duty company Tennessee Quality Care for an undisclosed amount. Across all of its business lines, the Franklin, Tennessee-based provider serves nearly 1,800 patients daily from 17 locations that cover 50 of that state’s 95 counties. Addus covered the transaction with a mix of cash on hand and the company’s revolving credit facility.
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