What did Addus HomeCare Corporation pay for Queen City Hospice?

Addus HomeCare Corporation acquired Queen City Hospice for $179.3M in 2020 (22.4x EBITDA), equivalent to 3.20x revenue. Target revenue was approximately $56.0M. Target EBITDA was approximately $8.0M.

What does Queen City Hospice do?

Queen City Hospice is a hospice business.

What multiple did Addus HomeCare Corporation pay for Queen City Hospice?

22.4x EBITDA and 3.20x revenue, based on disclosed deal value of $179.3M and disclosed financials.

M&A TRANSACTION · 2020

Queen City Hospice acquired by Addus HomeCare Corporation

$179.3M· 22.4x EBITDA· 3.20x revenue

Target

Queen City Hospice

Acquirer

Addus HomeCare Corporation

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$56.0M

EBITDA

$8.0M

Deal Value

$179.3M

EV/EBITDA

22.4x

Context

This $179.3M acquisition of Queen City Hospice by Addus HomeCare Corporation sits in the hospice sub-vertical. The 22.4x EBITDA multiple paid in 2020 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 SEC filings and press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

Value your own hospice

Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.

Compare your business to the Queen City Hospice acquisition.

Citation: ExitValue.ai. (2020). Queen City Hospice acquired by Addus HomeCare Corporation. https://exitvalue.ai/deals/queen-city-hospice-acquired-by-addus-homecare-corporation-hc-2020-0114