Addus HomeCare acquisition history

Addus acquired the personal care operations of Gentiva for an aggregate cash purchase price of approximately $350 million, subject to customary adjustments. The acquired operations added roughly $280 million of annualized revenue across seven states and gave Addus its first personal care presence in Texas, making it one of the largest personal care providers in the country.

This important acquisition aligns with our strategy to build scale in existing markets as well as enter select new markets where we can immediately establish a significant personal care presence.Dirk Allison — Chairman and CEO, Addus HomeCare

Addus acquired Tennessee Quality Care, owned by American Health Partners, for a cash purchase price of $106.0 million. The transaction added approximately $40 million of annualized revenue and gave Addus the ability to provide all three levels of care (personal care, home health and hospice) across Tennessee.

We believe this acquisition will be an ideal addition for Addus with an established market presence and reputation for quality, compassionate care. We have a shared commitment to provide safe and cost-effective home care services, and we look forward to the opportunity to offer patient-centric personal care, home health and hospice.Dirk Allison — Chairman and CEO, Addus HomeCare

Addus acquired JourneyCare, Inc. for approximately $72.5 million, funded through a combination of a $35.0 million draw on its revolving credit facility and available cash on hand. The acquisition added hospice services in Illinois, expanding Addus's hospice footprint in the Chicago area.

Addus acquired Queen City Hospice, LLC and Ohio Valley Hospice, LLC (together, Queen City Hospice) for a cash purchase price of $192.0 million, representing $162.8 million of value net of expected tax benefits. The Ohio-based business added approximately $56 million of annualized hospice revenue and was expected to be immediately accretive.

Addus completed the acquisition of County Homemakers, Inc. for a purchase price of approximately $15.8 million, adding personal care operations in Pennsylvania.

Addus acquired Hospice Partners of America, LLC, a Birmingham, Alabama-based hospice provider, for a cash purchase price of $130.0 million, representing $118.4 million of value net of expected tax benefits. Hospice Partners served an average daily census of about 1,000 patients across 21 locations in six states, with roughly $55 million of annualized revenue.

We look forward to Hospice Partners of America's management team and clinical staff joining our Addus family, as we leverage our combined capabilities to develop a national platform for hospice services. Importantly, we share the same mission to provide quality, compassionate healthcare services to more consumers in their homes.Dirk Allison — Chairman and CEO, Addus HomeCare

Addus HealthCare acquired all of the outstanding stock of Ambercare Corporation, a New Mexico provider, for a cash purchase price of $40 million (before a purchase price credit for estimated cash). Ambercare served approximately 2,600 consumers through 15 locations across New Mexico and generated about $57 million of 2017 revenue, giving Addus personal care, home health and hospice in the state.

Addus acquired the securities of South Shore Home Health Service and Acaring Home Care for a total purchase price of approximately $21.8 million. The businesses produced about $52 million of 2015 revenue and gave Addus a growth platform in the New York City metropolitan area and its first significant presence in the Northeast.

The completion of this transaction provides Addus with a great platform for growth in the New York City metropolitan area and creates a strong initial presence for the Company in the Northeast.Dirk Allison — President and CEO, Addus HomeCare