Home Health & Hospice Week

Industry Note:

Private Duty Chain Makes NM Buy, Including Hospice

Addus HomeCare Corp. has agreed to purchase Ambercare Corporation Inc., a provider of personal care, hospice, and home health services, headquartered in Albuquerque, New Mexico, for $40 million. Ambercare currently serves about 2,600 consumers through 15 locations located across New Mexico and for 2017, generated revenue of about $57 million, the Frisco, Texas-based chain says in a release.

Addus provides personal care services to about 35,000 consumers through 114 locations across 24 states, it says in the release. "We are particularly excited to supplement our service offering with hospice services through this acquisition," says Addus CEO Dirk Allison. "Our management team has deep experience in the hospice industry."

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