Welcome to our dedicated page for Addus HomeCare news (Ticker: ADUS), a resource for investors and traders seeking the latest updates and insights on Addus HomeCare stock.
Addus HomeCare Corporation provides in-home care services, primarily personal care assistance with activities of daily living, along with hospice and home health services. Its consumers include elderly, chronically ill and disabled individuals who may otherwise face hospitalization or institutional care, and its payor clients include government agencies, managed care organizations, commercial insurers and private individuals.
Company news commonly covers quarterly and annual operating results, investor conference participation, acquisition activity, debt and capital allocation commentary, and updates tied to the personal care, hospice and home health service mix.
Addus HomeCare Corporation (NASDAQ: ADUS) will release its third-quarter earnings for the period ending September 30, 2021, on November 1, 2021, after market close. A conference call will take place on November 2, 2021, at 9:00 a.m. Eastern Time, featuring key executives including CEO Dirk Allison and CFO Brian Poff. The call will be accessible via toll-free and international numbers, with a replay available until November 9, 2021. Addus HomeCare provides essential home care services to approximately 44,500 consumers across 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS) announced the acquisition of Summit Home Health, LLC effective October 1, 2021. This strategic acquisition, funded through cash on hand, adds clinical services to Addus's largest market in Illinois. Summit serves about 240 patients daily and has annual revenues of approximately $7.0 million. The CEO highlighted the acquisition's potential for revenue synergies and expanding their operational base in the lucrative Chicago area, supporting their ongoing acquisition strategy.
Addus HomeCare Corporation (NASDAQ: ADUS) reported strong financial results for Q2 2021, with net service revenues of $217.9 million, up 18.1% year-over-year. Net income rose 67.9% to $11.6 million, with net income per diluted share increasing to $0.72. Adjusted EBITDA also surged 30.1% to $24.3 million. The company secured a new senior secured credit facility, expanding their revolving credit to $600 million. Additionally, the acquisition of Armada Home Health and Hospice was completed, enhancing service capabilities in New Mexico.
Addus HomeCare Corporation (Nasdaq: ADUS) announced its second-quarter earnings release date for the period ending June 30, 2021. The announcement will take place on August 2, 2021, after market close, followed by a conference call on August 3, 2021, at 9:00 a.m. ET. The call will feature key executives, and investors can join via a toll-free number. Addus serves approximately 44,000 consumers across 208 locations in 22 states, providing essential home care services aimed at preventing hospitalization for vulnerable populations.
Addus HomeCare Corporation (NASDAQ: ADUS) announced a definitive agreement to acquire Armada Skilled Home Health and related entities for approximately $29 million. Armada, based in Albuquerque, serves about 1,100 patients daily for home health and 100 patients for hospice care. The acquisition, expected to close on August 1, 2021, aims to enhance Addus's market coverage in New Mexico and is projected to be immediately accretive, with Armada generating $23 million in annual revenues. This aligns with Addus's growth strategy focused on expanding its clinical services.
Addus HomeCare Corporation (Nasdaq: ADUS) announced the retirement of Laurie Manning as Executive VP and Chief Human Resource Officer, effective June 11, 2021. Robby Stevenson, previously Senior VP of Human Resources, has been promoted to fill the role. CEO Dirk Allison commended Manning's contributions since 2017, especially during the pandemic. Stevenson brings over 20 years of HR leadership experience in healthcare, having previously served at Seasons Hospice and Palliative Care. The transition is expected to bolster Addus's clinical service capabilities, enhancing its market reach.
Addus HomeCare Corporation (Nasdaq: ADUS) announced participation in two virtual healthcare investor conferences. Dirk Allison, Brian Poff, and Brad Bickham will present at the Jefferies Virtual Healthcare Conference on June 1, 2021, at 3:30 p.m. ET and at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 11:40 a.m. ET. Live broadcasts and replays will be available on their website, www.addus.com. Addus HomeCare provides essential home care services to approximately 44,000 consumers across 22 states, focusing on the elderly and chronically ill.
Addus HomeCare Corporation (Nasdaq: ADUS) announced participation in the RBC Capital Markets Global Healthcare Conference. Dirk Allison (CEO), Brian Poff (CFO), and Brad Bickham (COO) will present at this virtual event. The live broadcast starts on May 18, 2021, at 2:30 p.m. ET, with a replay available on the company's website for one month. Addus provides essential home care services, including personal care and hospice support, serving approximately 44,000 consumers across 208 locations in 22 states. For details, visit www.addus.com.
Addus HomeCare Corporation (NASDAQ: ADUS) reported a strong first quarter of 2021, with net service revenues of $205.3 million, up 7.9% from $190.2 million in Q1 2020. Net income increased to $8.9 million from $8.7 million year-over-year, while adjusted net income per diluted share was $0.74, slightly lower than $0.77 in the previous year. Adjusted EBITDA rose 8.9% to $19.3 million. The company emphasizes improving growth trends in personal care and home health amidst rising vaccinations and a conducive market environment.
Addus HomeCare Corporation (Nasdaq: ADUS) announced its participation in the Bank of America Securities 2021 Health Care Conference, featuring executives Dirk Allison, Brian Poff, and Brad Bickham. The virtual event will occur on May 11, 2021, with a live broadcast of the presentation available at www.addus.com starting at 11:00 a.m. ET. A replay will be accessible for a month after the event. Addus provides essential home care services to approximately 44,000 consumers across 208 locations in 22 states.