Ropes & Gray Advises AccentCare on Agreement to Sell Personal Care Division to Addus HomeCare Corporation

Ropes & Gray has advised AccentCare on its entry into a definitive agreement to sell its personal care division to Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, for an anticipated purchase price, after customary purchase price adjustments, of approximately $275.0 million.

The acquired operations serve an average daily census of approximately 13,700 customers through locations in a 10-state footprint. The transaction was announced on September 14 and is expected to close following completion of regulatory approvals and subject to customary closing conditions. The transaction does not include AccentCare's personal care operations in New York.

The Ropes & Gray team included private equity partners Dee Kuchukulla and Christian Westra and associate Tatyana Marugg, health care partner Timothy McCrystal, counsel Lauren Biggs and associate Emma Coreno, IP transactions partner Emily Karlberg, counsel Jimmy Chen and associate Jacob Green, antitrust partners Zak Goodwin and Deidre Johnson, executive compensation and employee benefits partner Jennifer Rikoski Whitney, counsel Jenny Cooper and associate Sophie Duffy, tax partner Adam Greenwood, and data, privacy & cybersecurity partner Edward McNicholas.