Addus HomeCare Corporation Acquires Queen City Hospice and Miracle City Hospice for $192 Million

We represented Addus HomeCare Corporation (Nasdaq: ADUS), the nation’s largest public provider of personal home care and support services, in its acquisition of Queen City Hospice, LLC, and its affiliate Miracle City Hospice, LLC for a cash purchase price of $192.0 million. Based in Cincinnati, Ohio, Queen City Hospice currently serves an average daily census of approximately 900 patients across the state of Ohio, including patients in the Cincinnati, Columbus, and Dayton markets.

The Addus acquisition of Queen City Hospice and its affiliate was recognized as a winner at The Deal Awards 2021 in the “Healthcare, Pharma & Biotech Deal of the Year (Middle Market).” Read more about the award here.

This transaction was also named a winner in the Healthcare/Life Sciences Deal of the Year (Over $100MM) category for the 20th Annual M&A Advisor Awards in 2021. The firm was also named Law Firm of the Year in 2021.

In addition, the transaction was named a finalist in the following categories for the 20th Annual M&A Advisor Awards in 2021:

  • Sector Deal of the Year: Healthcare/Life Sciences Deal of the Year (Over $100MM)
  • M&A Transaction of the Year: Cross-Border Deal of the Year (Over $100MM)
  • M&A Transaction of the Year: Private Equity Deal of the Year ($100MM to $250MM)
  • M&A Transaction of the Year: M&A Deal of the Year ($100MM to $250MM)

Bass, Berry & Sims had seven separate deals recognized as finalists among 18 categories and was also named a finalist in the Law Firm of the Year category for the 2021 M&A Advisor Awards.

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