Addus HomeCare to buy AccentCare unit for $275M

Addus HomeCare plans a $275 million cash acquisition of AccentCare’s personal care business, aiming to boost revenue about 19% and expand its multi‑state footprint.

Rhea-AI Filing Summary

Addus HomeCare Corporation (ADUS), through its subsidiary Addus HealthCare, agreed to acquire AccentCare’s personal care and community care business outside New York for an anticipated cash purchase price of approximately $275 million, subject to customary working capital and other adjustments.

The acquired operations serve an average daily census of about 13,700 customers across a 10‑state footprint and are expected to add approximately $280 million in annualized personal care revenue, which management states represents roughly a 19% increase to Addus’ revenue base and is expected to be accretive to financial results. The deal will materially expand Addus’ presence in Texas, Illinois, California, and Arizona and add operations in Colorado, Georgia, Minnesota, Pennsylvania, Tennessee, and Washington.

The transaction is subject to customary closing conditions, including regulatory approvals and expiration of the waiting period under the Hart‑Scott‑Rodino Antitrust Improvements Act. It is not subject to a financing condition, and Addus plans to fund it with a combination of its revolver and cash on hand, while also obtaining a representations and warranties insurance policy.

Positive

• Strategic, accretive acquisition: Expected to add approximately $280 million in annualized personal care revenue, roughly 19% of Addus’ revenue base, and is expected to be accretive to financial results.
• Geographic and scale expansion: Significantly broadens personal care operations in Texas, Illinois, California, and Arizona and adds six new states, enhancing Addus’ multi‑state home care platform.
• Financing flexibility: Transaction is not subject to a financing condition and will be funded with a combination of Addus’ revolver and cash on hand, avoiding equity issuance in this disclosure.

Negative

• Regulatory and closing risk: Completion depends on customary conditions, including regulatory approvals and expiration of the Hart‑Scott‑Rodino waiting period, so there is uncertainty around timing and consummation.
• Integration and execution risk: The acquired operations cover a 10‑state footprint and 13,700 daily customers, which may increase operational complexity and integration challenges for Addus.

Filing Explained

The agreement has no termination or reverse termination fee, so the filing discloses no contractual payment of that type if the transaction ends before closing; the acquisition remains subject to closing conditions and is not yet completed.

8-K Event Classification

3 items: 1.01, 7.01, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Anticipated purchase price: $275.0 million Expected annualized personal care revenue from acquisition: $280 million Revenue base impact: 19% +4 more

7 metrics

Anticipated purchase price $275.0 million Cash consideration for AccentCare’s personal care operations, subject to customary adjustments

Expected annualized personal care revenue from acquisition $280 million Estimated annualized revenue from acquired operations; about 19% of Addus’ revenue base

Revenue base impact 19% Management’s estimate of increase to Addus’ revenue base from the acquired operations

Average daily census of acquired operations 13,700 customers Customers served daily by AccentCare’s personal care operations being acquired

Addus existing consumers 62,500 consumers Number of consumers served by Addus across 264 locations in 24 states

Addus locations and states 264 locations in 24 states Scope of Addus’ home care service footprint prior to the transaction

AccentCare locations and reach More than 280 locations in 30 states and DC Overall footprint of AccentCare across service lines

Key Terms

Equity and Asset Purchase Agreement, Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, representations and warranties insurance, revolver, +2 more

6 terms

Equity and Asset Purchase Agreement regulatory

"entered into an Equity and Asset Purchase Agreement (the “Purchase Agreement”)"

Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended regulatory

"expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act"

representations and warranties insurance financial

"obligated to obtain (and has already bound) a policy for representations and warranties insurance"

revolver financial

"Addus will fund the acquisition through a combination of the Company’s revolver and cash on hand"

A revolver is a revolving credit facility — a line of borrowing a company can draw, repay and draw again as needed, similar to a corporate credit card for short-term cash needs. It matters to investors because it provides liquidity and flexibility to cover expenses, smooth cash flow swings, or bridge financing gaps; the size, cost and covenants of the revolver affect a company’s interest costs, financial health and default risk.

managed care organizations medical

"enhancing our capability to collaborate with our managed care organizations and value-based care partners"

Organizations that arrange, coordinate and pay for health care services through networks of doctors, hospitals and other providers, often using contracts, pre-set fees and utilization rules to control costs and quality. Like a planner who negotiates group rates and sets rules for using services, they influence how care is delivered and how much is paid, so their contracts, membership size and cost-management tools matter to investors because they shape revenue, margins and risk exposure in health-care markets.

value-based care partners medical

"enhancing our capability to collaborate with our managed care organizations and value-based care partners"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What acquisition did Addus HomeCare (ADUS) announce in this Form 8-K?

Addus HomeCare announced a definitive agreement for its subsidiary to acquire AccentCare’s personal care and community care business outside New York, including equity in multiple operating entities and certain assets and liabilities of a Colorado entity.

How much is Addus HomeCare (ADUS) paying for AccentCare’s personal care operations?

Addus expects an anticipated cash purchase price of approximately $275.0 million, subject to customary working capital and other purchase price adjustments under the Equity and Asset Purchase Agreement.

How will the AccentCare acquisition affect Addus HomeCare’s (ADUS) revenue?

The acquired operations are expected to add approximately $280 million in annualized personal care revenue, which management states is roughly a 19% increase to Addus’ revenue base and is expected to be accretive to financial results.

How is Addus HomeCare (ADUS) funding the AccentCare transaction?

Addus plans to fund the acquisition through a combination of its revolver and cash on hand. The transaction is explicitly stated as not subject to any financing condition in the purchase agreement.

What regulatory approvals are required for the Addus (ADUS) and AccentCare deal to close?

Closing is subject to certain regulatory approvals and the expiration of the waiting period under the Hart‑Scott‑Rodino Antitrust Improvements Act of 1976, as amended, along with other customary closing conditions.

How does the AccentCare acquisition change Addus HomeCare’s (ADUS) geographic footprint?

The acquisition significantly expands Addus’ personal care operations in Texas, Illinois, California, and Arizona and adds services in Colorado, Georgia, Minnesota, Pennsylvania, Tennessee, and Washington, serving about 13,700 customers daily.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 05:11 PM Accepted by SEC EDGAR 09/14/2026 - 05:05 PM Learn about SEC filing dates

false 0001468328 0001468328 2026-09-12 2026-09-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 14, 2026 (September 12, 2026)

ADDUS HOMECARE CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	001-34504	20-5340172
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

6303 Cowboys Way, Suite 600 Frisco, Texas		75034
(Address of principal executive offices)		(Zip Code)

(469) 535-8200

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value per share		ADUS		The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company. ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement. 

On September 12, 2026, Addus HealthCare, Inc., an Illinois corporation (“Addus HealthCare”), a wholly-owned subsidiary of Addus HomeCare Corporation (the “Company”), entered into an Equity and Asset Purchase Agreement (the “Purchase Agreement”) with AccentCare, Inc., a Delaware corporation (“Seller”). Pursuant to the Purchase Agreement, Addus HealthCare has agreed to acquire the personal care and community care business of Seller outside the state of New York (the “Business”), consisting of (A) all of the outstanding equity interests of (i) Guardian Personal Care Services of Georgia, LLC, a Georgia limited liability company (“Guardian Georgia”), (ii) Guardian Personal Care Services, LLC, a Tennessee limited liability company (“Guardian Tennessee”), (iii) Texas Home Health of America, LP, a Texas limited partnership (“Texas Home Health”), (iv) AccentCare at Home, Inc., an Arizona corporation (“AccentCare Arizona”), (v) Gareda, LLC, an Illinois limited liability company (“Gareda”), (vi) AccentCare of California, Inc., a Delaware corporation (“AccentCare California”), (vii) AccentCare of Washington, Inc., a Washington corporation (“AccentCare Washington”), (viii) AccentCare at Home of Minnesota, LLC, a Minnesota limited liability company (“AccentCare Minnesota”), (ix) AccentCare at Home of Pennsylvania, LLC, a Pennsylvania limited liability company (“AccentCare Pennsylvania”), and (x) Nurses Unlimited, Inc., a Texas corporation (“Nurses Unlimited,” and collectively with Guardian Georgia, Guardian Tennessee, Texas Home Health, AccentCare Arizona, Gareda, AccentCare California, AccentCare Washington, AccentCare Minnesota, and AccentCare Pennsylvania, the “Transferred Entities”) and (B) certain assets and liabilities of AccentCare Home Health of Mountain Valley, LLC, a Colorado limited liability company (the “Asset Seller”) (collectively, the “Transaction”).

Pursuant to the Purchase Agreement, Addus HealthCare has agreed to consummate the Transaction for a purchase price of $275,000,000 in cash, subject to typical adjustments for working capital and other customary items.

The closing of the Transaction is subject to, among other regular closing conditions, the accuracy of the representations and warranties in the Purchase Agreement, compliance with the covenants in the Purchase Agreement, certain regulatory approvals having been obtained, and the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Addus HealthCare and Seller are also provided certain termination rights.

Seller has made customary representations and warranties with respect to the Transferred Entities and, with respect to the Business, the Asset Seller, as well as covenants regarding the operations of the Business during the period between the execution of the Purchase Agreement and the closing of the Transaction. Addus HealthCare is obligated to obtain (and has already bound) a policy for representations and warranties insurance. Consummation of the Transaction is not subject to any financing condition, and there is no termination or reverse termination fee in connection with the Purchase Agreement.

The foregoing description of the Transaction does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On September 14, 2026, the Company issued the Press Release announcing the entry into the Purchase Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.		Description
10.1		Equity and Asset Purchase Agreement, dated September 12, 2026, by and between AccentCare, Inc. and Addus Healthcare, Inc.
99.1		Press Release, dated September 14, 2026.
104		Cover Page Interactive Data File (embedded within Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ADDUS HOMECARE CORPORATION
Date: September 14, 2026	By:	/s/ Brian Poff
		Brian Poff
		Chief Financial Officer

Exhibit 99.1

Contacts: Brian W. Poff Executive Vice President, Chief Financial Officer Addus HomeCare Corporation (469) 535-8200 investorrelations@addus.com Teresa Moore FINN Partners (615) 324-7302 teresa.moore@finnpartners.com

ADDUS HOMECARE ANNOUNCES A DEFINITIVE AGREEMENT TO ACQUIRE 

PERSONAL CARE DIVISION OF ACCENTCARE

Transaction Expected to Add Approximately $280 Million in Annualized Revenue, 

Significantly Expanding Personal Care Operations in Texas, Illinois, California, and Arizona

Frisco, Texas (September 14, 2026) – Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced a definitive agreement to acquire the personal care division of AccentCare for an anticipated purchase price, after customary purchase price adjustments, of approximately $275.0 million. The transaction relates only to AccentCare’s personal care operations outside of New York and does not relate to its hospice and home health operations. The acquired operations serve an average daily census of approximately 13,700 customers through locations in a 10-state footprint. Addus expects to close the transaction following completion of regulatory approvals and subject to customary closing conditions. Addus will fund the acquisition through a combination of the Company’s revolver and cash on hand.

This strategic acquisition broadens Addus’ personal care service line and further establishes the Company as a leading multi-state scaled, non-franchise home care platform. The acquisition significantly expands Addus’ personal care service capabilities in four primary states: Texas, Illinois, California, and Arizona, while also adding operations in six additional states: Colorado, Georgia, Minnesota, Pennsylvania, Tennessee, and Washington.

Commenting on the announcement, Dirk Allison, Chairman and Chief Executive Officer of Addus, stated, "We are excited to announce the acquisition of AccentCare’s personal care operations, which directly aligns with our strategic growth initiatives. The acquisition is expected to add approximately $280 million in annualized personal care revenue, representing a roughly 19% increase to Addus' revenue base, and is expected to be accretive to financial results. It will deepen our operational presence across key markets, while enhancing our capability to collaborate with our managed care organizations and value-based care partners. This acquisition continues our growth strategy to leverage our strong personal care experience to build scale in existing markets as well as enter select new markets.”

Allison continued, “We look forward to welcoming the experienced caregivers and staff of AccentCare personal care operations to the Addus family and working together to maintain our commitment to providing exceptional home-based care."

Laura Tortorella, Chief Executive Officer of AccentCare, added, “Addus is a highly respected national leader in personal care, making them the ideal home for our personal care operations and our dedicated caregivers. This agreement ensures that our clients will continue to receive outstanding, compassionate care from a team completely focused on their daily needs, allowing for continued growth of the segment under proven leadership. This is an exciting milestone for our personal care colleagues, and a clear reflection of both the strength of our personal care service line and the exceptional care our teams deliver every day.”

-MORE-

Addus HomeCare Announces a Definitive Agreement to Acquire the Personal Care Operations of AccentCare 

Page 2

September 14, 2026

Evercore is serving as financial advisor and Bass Berry & Sims PLC is serving as legal counsel to Addus in this transaction. Guggenheim Securities, LLC and J.P. Morgan are serving as financial advisors and Ropes & Gray, LLP is serving as legal counsel to AccentCare.

Forward-Looking Statements

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by words such as “preliminary,” “continue,” “expect,” and similar expressions. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including discretionary determinations by government officials, the consummation and integration of acquisitions, transition to managed care providers, our ability to successfully execute our growth strategy, unexpected increases in SG&A and other expenses, expected benefits and unexpected costs of acquisitions and dispositions, management plans related to dispositions, the possibility that expected benefits may not materialize as expected, the failure of the business to perform as expected, changes in reimbursement, changes in government regulations, changes in Addus HomeCare’s relationships with referral sources, increased competition for Addus HomeCare’s services, changes in the interpretation of government regulations, the uncertainty regarding the outcome of discussions with managed care organizations, changes in tax rates, the impact of adverse weather, higher than anticipated costs, lower than anticipated cost savings, estimation inaccuracies in future revenues, margins, earnings and growth, whether any anticipated receipt of payments will materialize, any security breaches, cyber-attacks, loss of data or cybersecurity threats or incidents, and other risks set forth in the Risk Factors section in Addus HomeCare’s Annual Report on Form 10-K, as amended, filed with the Securities and Exchange Commission on February 24, 2026, which are available at www.sec.gov. The financial information described herein and the periods to which they relate are preliminary estimates that are subject to change and finalization. There is no assurance that the final amounts and adjustments will not differ materially from the amounts described above, or that additional adjustments will not be identified, the impact of which may be material. Addus HomeCare undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, these forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties, and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized.

About Addus HomeCare

Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. Addus HomeCare’s consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus HomeCare’s payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus HomeCare currently provides home care services to approximately 62,500 consumers through 264 locations across 24 states. For more information, please visit www.addus.com.

About AccentCare

AccentCare is a provider of in-home post-acute health and hospice care, covering a broad continuum of services, including personal care, home health, palliative and hospice care. AccentCare currently cares for over 200,000 patients and clients annually in more than 280 locations, across 30 states and the District of Columbia.

-END-

Filing Exhibits & Attachments

6 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 14.3 KB

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 794.3 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB