Addus HomeCare to buy AccentCare personal care division for about $275 million

Addus HomeCare agreed to buy AccentCare’s personal care division outside New York for about $275 million, subject to customary adjustments.

The business serves about 13,700 customers in average daily census across 10 states, with major expansion in Texas, Illinois, California, and Arizona.

The deal is expected to add roughly $280 million in annualized personal care revenue, lifting Addus’ revenue base by about 19%.

Funding is planned through a mix of Addus’ revolver and cash on hand.