Addus to Buy New Ambercare for $40M
Posted on Friday, March 2, 2018 1:37 PM
Addus HomeCare has signed a definitive agreement to purchase Ambercare Corporation, which provides personal care, hospice and home health services, for the purchase price of $40 million. They expect the deal will close in the second quarter of 2018. Ambercare, based in Albuquerque, New Mexico, generated revenue of approximately $57 million in 2017.
Ambercare serves roughly 2,600 consumers through 15 locations across New Mexico. Addus, which is based In Texas, provides personal care services and has 114 locations in 24 states.
This is the second purchase that Addus has made in the state. In 2017, Addus purchased personal care services provider Options Home Care.
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