Addus HomeCare Corporation (Nasdaq: ADUS) has agreed to acquire AccentCare’s personal care division outside of New York for approximately $275 million.

The acquired assets span 10 states and serve an average daily census of about 13,700 clients. It marks Addus’ entry into six new states: Colorado, Georgia, Minnesota, Pennsylvania, Tennessee and Washington.

Chairman and CEO Dirk Allison said in a statement that the deal is expected to add approximately $280 million in annualized personal care revenue, representing a roughly 19% increase to Addus’ revenue base.

“This acquisition continues our growth strategy to leverage our strong personal care experience to build scale in existing markets as well as enter select new markets,” Allison said.

The deal will also assist Addus’ value-based care goals. The new personal care assets will allow the company to further collaborate with managed care organizations and value-based care partners, according to Allison’s statement.

“This agreement ensures that our clients will continue to receive outstanding, compassionate care from a team completely focused on their daily needs, allowing for continued growth of the segment under proven leadership,” Laura Tortorella, CEO of AccentCare, said in a statement. “This is an exciting milestone for our personal care colleagues, and a clear reflection of both the strength of our personal care service line and the exceptional care our teams deliver every day.”

The deal does not relate to AccentCare’s home health and hospice operations.

Addus plans to fund the acquisition through a combination of the company’s revolver and cash on hand.

This story is developing. Check back for updates as they are available.