Addus HomeCare Corp acquired JourneyCare for $72.5 million, a transaction completed in February 2022, structured as combination.
JourneyCare operates in Hospice, is based in Illinois. 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.
Expand hospice services into Illinois with an established Chicago-area provider.
Established Illinois hospice provider that extended Addus's hospice segment into a major metropolitan market. Hospice segment
Advisory firms were not disclosed for this transaction.