Addus HomeCare to Acquire AccentCare's Personal Care Division
ADUS sits 32% above its 52-week low of $87.95.
Summary
Addus HomeCare has entered into a definitive agreement to acquire the personal care division of AccentCare. The transaction is expected to add about $280 million in annualized revenue and significantly expand personal care operations in Texas, Illinois, California, and Arizona. The anticipated purchase price, after customary adjustments, is about $275 million. The acquired operations serve an average daily census of about 13,700 customers through locations in a 10-state footprint, and the deal relates only to personal care operations outside of New York, excluding hospice and home health operations. The acquisition is strategically significant given Addus's recent revenue growth of 8% year-over-year to $377.4 million in Q2 2026. The deal is expected to be accretive to earnings and strengthen Addus's position in the personal care segment.
At the time of this announcement, ADUS was trading at $116.03 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $87.95 to $124.44. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.