Addus HomeCare Corp acquired Gentiva Personal Care Operations for $350 million, a transaction completed in December 2024, structured as all cash. The deal was a Carve-out.
Gentiva Personal Care Operations operates in Personal care, is based in Atlanta, Georgia-based; personal care operations across seven states, including entry into Texas, had revenue of about approximately $280 million in annualized revenue. 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.
Build scale in existing personal care markets while entering select new geographies where Addus can immediately establish a significant personal care presence.
Large, scaled personal care platform that expanded Addus into Texas and reinforced its position as one of the largest personal care providers nationally. Personal care segment
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
Advisory firms were not disclosed for this transaction.