Addus completes acquisition of Coordinated Home Health Care
Saturday, December 07, 2013 10:56 PM
PALATINE- Home-based social and medical services provider Addus HomeCare Corp. said it has completed its acquisition of substantially all of the assets of Dallas-based Coordinated Home Health Care, LLC and certain of its subsidiaries.
The acquisition includes 15 offices in southern New Mexico and further expands Addus HomeCare’s presence in that state. New Mexico is a leader among the states in the transition of its long-term care services to managed care.
“We are pleased to complete the purchase of Coordinated Home Health as it substantially expands or footprint in New Mexico, a state which is on the forefront of transitioning its Medicaid long term care programs to managed care,” said Mark Heaney, president and CEO of Addus HomeCare. “We are pleased to have the leadership team of Coordinated Home Health Care join us in New Mexico and welcome all the employees of Coordinated Home Health to the Addus team.”
Legal and Financial Advisors Winston & Strawn LLP served as legal adviser to the Company and Provident Healthcare Partners, LLC. acted as financial adviser to the company.