Addus Healthcare, Inc., a national provider of skilled and non-skilled home health services, has announced it has completed a recapitalization which will enable the company to significantly expand over the next decade. Addus has partnered with Eos Partners, a New York based private investment firm, to position the company for continued growth. Through this recapitalization, Addus will be better able to take advantage of the significant growth opportunities that lie ahead in the home health sector.

“Our mission is to improve the health and well being of our consumers through the provision of quality, cost effective health care services. Our partnership with Eos will strengthen our ability to accomplish our goals by fostering an environment of growth,” stated W. Andrew Wright, Chief Executive Officer of Addus. The company’s strong, consistent senior management/leadership will remain unchanged.

The terms of transactions were not disclosed. Freeport Financial LLC acted as lead agent for the debt financing. Provident Healthcare Partners, LLC acted as exclusive financial advisor to Addus.

About Addus HealthCare, Inc.
Headquartered in Palatine, Illinois, Addus HealthCare, Inc. is a nationwide home healthcare service company providing comprehensive home care services since 1979. With over 9,000+ employees, Addus provides a full range of home health services including continuous nursing care, private duty assisted services, adult day care, and in-home supportive services to over 40,000 patients annually in 12 states from 95 office locations. Addus believes that consumers value their independence and that the services it renders should be focused on assisting the individual to achieve their maximum level of independence. www.addus.com

About Eos Partners, L.P.
Eos is a private investment partnership with over $1.8 billion of capital under management. Formed in 1994 to provide value-added capital to businesses at an inflection point in their development, Eos invests in middle and lower middle market companies undergoing ownership transitions, subsidiary divestitures, management buyouts, and recapitalizations. Eos focuses on a variety of industries, including healthcare services, marketing services, transportation and logistics, outsourced business services and energy. www.eospartners.com

About Freeport Financial LLC
Freeport Financial LLC is a leading provider of capital and leveraged finance solutions to middle market companies with private equity sponsor ownership. Freeport Financial LLC invests at all levels of the capital structure but focuses primarily on providing cash flow and asset based lending products including senior secured, junior secured and unsecured loans to support leveraged buyouts, recapitalizations, and corporate refinancing. Founded by a group of experienced corporate finance and capital markets professionals and located in Chicago, Freeport Financial LLC has the industry expertise and product knowledge to serve the financing needs of private equity sponsors and their middle market companies. www.freeportfinancial.com

About Provident Healthcare Partners, LLC
Provident Healthcare Partners, LLC is a Boston-based investment banking firm specializing in the healthcare industry. The firm is comprised of senior-level healthcare and corporate finance professionals with in-depth knowledge and extensive transaction experience in all healthcare fields. The firm has successfully completed merger and acquisition transactions with companies operating in all sectors of the healthcare industry. www.providenthp.com