Addus HomeCare Corporation execution of a definitive agreement to acquire Substantially All the Assets of Journeycare, Inc. for approximately $85 million.

Addus HomeCare Corporation (NasdaqGS:ADUS) execution of a definitive agreement to acquire Substantially All the Assets of Journeycare, Inc. for approximately $85 million on January 5, 2022. Addus will fund the acquisition through a combination of cash on hand and the Company's revolving credit facility. The purchase price is an anticipated purchase price, after customary purchase price adjustments.

The transaction is following completion of all required regulatory approvals, subject to customary closing conditions and expected to close the transaction on or about February 1, 2022. Arnold & Porter Kaye Scholer LLP acted as a legal advisor to Journeycare, Inc. The Braff Group acted as a financial advisor to Journeycare, Inc. and Bass, Berry & Sims PLC acted as a legal advisor to Addus HomeCare Corporation. Jones Day advised JourneyCare, Inc. on the deal.

The Jones Day team was led by Gerald Griffith.