What did Addus HomeCare Corporation pay for JourneyCare, Inc.?

Addus HomeCare Corporation acquired JourneyCare, Inc. for $86.2M in 2022 (8.2x EBITDA), equivalent to 1.60x revenue. Target revenue was approximately $55.0M. Target EBITDA was approximately $10.5M.

What does JourneyCare, Inc. do?

JourneyCare, Inc. is a hospice business.

What multiple did Addus HomeCare Corporation pay for JourneyCare, Inc.?

8.2x EBITDA and 1.60x revenue, based on disclosed deal value of $86.2M and disclosed financials.

M&A TRANSACTION · 2022

JourneyCare, Inc. acquired by Addus HomeCare Corporation

$86.2M· 8.2x EBITDA· 1.60x revenue

Target

JourneyCare, Inc.

Acquirer

Addus HomeCare Corporation

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$55.0M

EBITDA

$10.5M

Deal Value

$86.2M

EV/EBITDA

8.2x

Context

This $86.2M acquisition of JourneyCare, Inc. by Addus HomeCare Corporation sits in the hospice sub-vertical. The 8.2x EBITDA multiple paid in 2022 can be compared against the population median for hospice transactions of similar size on our Hospice valuation hub. Addus HomeCare Corporation is acquiring as a strategic buyer; see how strategic acquirers typically price hospice businesses on our Hospice strategic buyer-pool page.

Source

Data sourced from Press releases and 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. (2022). JourneyCare, Inc. acquired by Addus HomeCare Corporation. https://exitvalue.ai/deals/journeycare-inc-acquired-by-addus-homecare-corporation-hc-2022-0076