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ADUS - Addus Homecare News Story

$93.83 0.8  0.9%

Last Trade - 05/03/21

Sector
Healthcare
Size
Mid Cap
Market Cap £1.06bn
Enterprise Value £1.10bn
Revenue £550.4m
Position in Universe 2430th / 6646

BUZZ-Addus HomeCare: Gains; co to acquire Queen City Hospice

Wed 11th November, 2020 3:34pm
** Shares of homecare health service provider  ADUS.O  rise
~4% to $104 in morning trade
    ** Co to acquire Queen City Hospice that serves avg daily
census of ~900 patients across Ohio, for cash purchase price of
$192 mln  urn:newsml:reuters.com:*:nPn5CBmFca
    ** Co will fund acquisition through combination of cash on
hand and its revolving credit facility
    ** Queen City has annualized revenue of ~$56 mln, and we
expect transaction to be immediately accretive to our financial
results - CEO Dirk Allison
    ** YTD, stock up 5.6%  

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))
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