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News Breaks | | | | February 22, 2013 | | 11:18 EDT |  | ADUS | Addus HomeCare announces withdrawal of temporary restraining order motion
Addus HomeCare (ADUS) announced that Advantage Health Systems has withdrawn its February 19 motion for a temporary restraining order that sought to prevent Addus from closing upon the proposed sale of its home health division to LHC Group, Inc., and Advantage has informed the Court of Chancery of the State of Delaware that it will dismiss its action against Addus for breach of contract. On Tuesday, February 19, Addus issued a press release regarding the filing of this action. The company remains fully committed to consummating the contemplated sale to LHC Group, Inc. as planned on or about February 28 on the terms and subject to the conditions set forth in the Asset Purchase Agreement entered into by the parties on February 7. | |
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