Addus HomeCare Corp acquired Ambercare Corporation for $40 million, a transaction completed in May 2018, structured as all cash.
Ambercare Corporation operates in Personal care, home health and hospice, is based in New Mexico, had revenue of about approximately $57 million (2017 revenue). 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.
Establish a scaled New Mexico presence offering all three levels of home-based care.
Scaled New Mexico provider offering all three levels of care with about $57 million of revenue.
Advisory firms were not disclosed for this transaction.