On August 1, Addus HomeCare Corporation acquired Alliance Home Health Care, LLC, and its affiliate, House Calls of New Mexico, LLC, each located in New Mexico. The companies have combined annual revenues of approximately $19.0 million, with 60% of those revenues derived from hospice care and 20% from both personal care and home health care services. With locations strategically placed across New Mexico, these additions will expand the Addus HomeCare’s service area in the state and provide additional market coverage.
Also on August 1, the Addus HomeCare acquired the operating assets of Foremost Home Care, Inc., a New York City-based personal care provider organization with annual revenues of approximately $6.0 million. The Foremost acquisition will support the company’s growth in the important New York City market area. The aggregate purchase price of approximately $24.0 million for both Foremost and Alliance acquisitions was funded through a combination of the Company’s revolving credit facility and available cash.
Addus HomeCare Corporation is a provider organization of home care services that include, primarily, personal care services that assist with activities of daily living, as well as hospice and home health services. Addus HomeCare’s consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. The payor clients include federal, state, and local governmental agencies, managed care organizations, commercial insurers, and private individuals. Addus HomeCare currently provides home care services to approximately 40,000 consumers through 162 locations across 24 states.
Alliance Home Health Care is a locally owned and operated company offering both medical and non-medical home health care as well as Hospice. The services cover all needs from full-time skilled nursing to minimal assistance with daily tasks such as personal care, housekeeping, cooking, and companionship. The hospice care services are designed to help consumers live each day to the fullest extent possible in their home—and to provide comfort and support to their families as well.
House Calls of New Mexico, LLC has been providing consumers with health care services in their homes and residential communities since 2005. The medical doctors, certified nurse practitioners, and physician assistants are experienced in diagnostic management of common and uncommon geriatric conditions, with services available 24/7. The organization also provides training to facility staff and the client’s family members to provide them with the tools needed to deliver the best care.
This was reported by Addus HomeCare Corporation on August 5, 2019.
Contact information: Alliance Home Health Care, 5981 Jefferson Plaza, North East, Albuquerque, New Mexico 87109; 505-884-4080; Website: www.alliancehhcare.com
Contact information: House Calls of New Mexico, LLC, 5951 Jefferson Street, North East, Albuquerque, New Mexico 87109; 505-898-2468; Website: www.housecallsnm.com