Addus HomeCare Corporation, which provides home care services, executed a definitive agreement to acquire JourneyCare, Inc. for $85 million. Addus will acquire substantially all the assets of JourneyCare, which provides hospice services in the Chicago area. The transaction is expected to close on or about February 1, 2022.
Based in Glenview, Illinois, non-profit JourneyCare serves an average of 750 unique consumers per day across 13 counties surrounding Chicago, Illinois. When the acquisition closes, Addus HomeCare will offer all three levels of home care in Illinois: personal care, home health, and hospice.
Addus HomeCare provides home care services to approximately 44,500 consumers through 207 locations across 22 states. Its service line primarily includes personal care services that assist with activities of daily living, as well as hospice and home health services. Its payer mix includes federal, state and local governmental agencies, managed care organizations, commercial insurers, and private individuals.
This was reported by Addus HomeCare Corporation on January 5, 2022.
Contact information: Brian W. Poff, Executive Vice President, Chief Financial Officer, Addus HomeCare Corporation, 6303 Cowboys Way, Suite 600, Frisco, TX 75034; 630-296-3400; Email: info1@addus.com; Website: https://addus.gcs-web.com/
