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Addus HomeCare to acquire New Mexico-based Ambercare for $40M

Addus HomeCare Corp. plans to acquire Albuquerque, N.M.-based Ambercare Corp. Inc., a provider of personal care, hospice and home health services, for $40.0 million.

The home care services provider expects to complete the acquisition of Ambercare in the second quarter with funding through the delayed draw term loan portion of its credit facility.