Addus HomeCare Corporation completed the acquisition of Armada Skilled Home of New Mexico, LLC, Armada Hospice of New Mexico, LLC and Armada Hospice of Santa Fe.
August 31, 2021
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Addus HomeCare Corporation (NasdaqGS:ADUS) agreed to acquire Armada Skilled Home of New Mexico, LLC, Armada Hospice of New Mexico, LLC and Armada Hospice of Santa Fe for $29 million on July 13, 2021. The transaction is subject to regulatory approvals. The transaction is expected to close on or about August 1, 2021.
Addus HomeCare Corporation (NasdaqGS:ADUS) completed the acquisition of Armada Skilled Home of New Mexico, LLC, Armada Hospice of New Mexico, LLC and Armada Hospice of Santa Fe on August 1, 2021.
Addus HomeCare Corporation is engaged in providing home care services. Its segments include Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living, to persons who are at increased risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled. The services it provides include assistance with bathing, grooming, feeding and dressing, medication reminders and others. The Hospice segment provides physical, emotional and spiritual care for people who are terminally ill and related services for their families. The Hospice services it provides include palliative nursing care, social work, spiritual counseling, homemaker services and bereavement counseling. Its Home Health segment provides services that are medical in nature to individuals who may require assistance during an illness or after hospitalization and includes skilled nursing and physical, occupational and speech therapy.
Addus HomeCare Corporation completed the acquisition of Armada Skilled Home of New Mexico, LLC, Armada Hospice of New Mexico, LLC and Armada Hospice of Santa Fe.