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M&A TRANSACTION · 2020

A Plus Health Care, Inc. acquired by Addus HomeCare Corporation

$11.7M· 5.9x EBITDA· 1.20x revenue

Target

A Plus Health Care, Inc.

United States and Canada

A Plus Health Care, Inc. operates as home care and medical staffing agency. It provides home care services, including personal care, private duty nursing, care management, and medical staffing services. The company was founded in 1990 and is based in Kalispell, Montana. It has additional locations in Montana. As of July 1, 2020, A Plus Health Care, Inc. operates as a subsidiary of Addus HomeCare Corporation.

Acquirer

Addus HomeCare Corporation

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$9.8M

EBITDA

$2.0M

Deal Value

$11.7M

EV/EBITDA

5.9x

Context

This $11.7M acquisition of A Plus Health Care, Inc. by Addus HomeCare Corporation sits in the home health sub-vertical. The 5.9x EBITDA multiple paid in 2020 can be compared against the population median for home health transactions of similar size on our Home Health valuation hub. Addus HomeCare Corporation is acquiring as a strategic buyer; see how strategic acquirers typically price home health businesses on our Home Health strategic buyer-pool page.

Source

Data sourced from SEC filings. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2020). A Plus Health Care, Inc. acquired by Addus HomeCare Corporation. https://exitvalue.ai/deals/a-plus-health-care-inc-acquired-by-addus-homecare-corporation-hc-2020-0126