Greenwood Village, Colo., United States (August 9, 2017) – The Forbes M+A Group (www.forbesma.com), a leading transaction advisory firm, is pleased to announce the successful acquisition of its client, Options Home Care, by Addus HomeCare Corporation.
“Options Home Care is a well-respected leader in the home healthcare space with a strong reputation for delivering high-quality,
home-based personal care services to families across New Mexico,” said Bill Nack. “The Options shareholders trusted us to find a partner
to continue their legacy of providing in-home care. We are proud to have helped them find an acquisition partner with a similar commitment to serving others and expand their services to even more people in need.”
Options Home Care is a wholly-owned subsidiary of HB Management Group of Denver, Colorado. The company has provided in-home care to the elderly and disabled population in the state of New Mexico for over 17 years. Founded in Northern New Mexico in 2000, Options has grown to six primary locations throughout New Mexico and provides care to over 1,000 clients in 21 counties.
“We are very excited to become a part of Addus HomeCare Corporation. They are a respected leader in providing personal care services and the right company to trust to continue meeting the healthcare needs of our customers,” said Brad Brandt, President of HB Management Group. “From the very start, Bill and the team at The Forbes M+A Group were trusted partners in our transaction process. They paid attention to every detail and were always available to answer our questions. They turned what is often a difficult process into a truly pleasurable experience.”
Addus HomeCare is one of the nation's largest providers of personal home care and support services. Addus was founded in 1979 as a home cleaning service focusing on serving residents in high rises in downtown Chicago. Today, Addus currently holds approximately 300 home care contracts throughout the country. The company provides health care services to over 33,000 consumers weekly from over 111 branches located in 24 states.
The Forbes M+A Group specializes in providing senior-level advice to lower and middle market businesses. “With the acquisition of Options, Addus gains a valuable foothold in the New Mexico market,” said Bob Forbes, President of The Forbes M+A Group. “Both parties had complex transaction objectives and were looking for growth opportunities without sacrificing service quality. After a process with many viable options, we were happy to have closed this deal, which met the goals of everyone involved. We truly appreciate the opportunity to work with Brad and his team and are proud to have made this a smooth and positive experience for them.”
The Forbes M+A Group provided exclusive sell-side, M&A advisory services for this transaction. The team was led by Bill Nack and Jim Johnston, Managing Directors of the firm.
About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.
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Information contained in this news release, other than historical information, contains forward-looking statements and is subject to a number of risk factors, uncertainties, and assumptions. Risk factors that could affect these statements include, but are not limited to, the following: the availability of raw materials and the effects of changing raw material prices on the Company’s results of operations; energy prices and usage; changing demand for the Company’s products and services; changes in the liquidity of the capital and credit markets; risks associated with the integration and performance of acquisitions; and changes in interest and tax rates. In addition, such forward-looking statements could also be affected by general industry and market conditions, as well as general economic and political conditions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law or regulation.
Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com