What did Addus HomeCare Corporation pay for Tennessee Quality Care?

Addus HomeCare Corporation acquired Tennessee Quality Care for $108.9M in 2023 (14.8x EBITDA), equivalent to 2.70x revenue. Target revenue was approximately $40.0M. Target EBITDA was approximately $7.4M.

What does Tennessee Quality Care do?

Tennessee Quality Care is a home health business.

What multiple did Addus HomeCare Corporation pay for Tennessee Quality Care?

14.8x EBITDA and 2.70x revenue, based on disclosed deal value of $108.9M and disclosed financials.

M&A TRANSACTION · 2023

Tennessee Quality Care acquired by Addus HomeCare Corporation

$108.9M· 14.8x EBITDA· 2.70x revenue

Target

Tennessee Quality Care

Acquirer

Addus HomeCare Corporation

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$40.0M

EBITDA

$7.4M

Deal Value

$108.9M

EV/EBITDA

14.8x

Context

This $108.9M acquisition of Tennessee Quality Care by Addus HomeCare Corporation sits in the home health sub-vertical. The 14.8x EBITDA multiple paid in 2023 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 and press release. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). Tennessee Quality Care acquired by Addus HomeCare Corporation. https://exitvalue.ai/deals/tennessee-quality-care-acquired-by-addus-homecare-corporation-hc-2023-0044