Addus Homecare Corp Stock Price, News & Analysis

Addus HomeCare Corporation (Nasdaq: ADUS) will participate in the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021. Key executives, including CEO Dirk Allison and CFO Brian Poff, will present in a virtual format. The live broadcast starts at 4:40 p.m. Eastern Time, with a replay available for one month on their website following the event. Addus HomeCare provides essential home care services to approximately 44,000 consumers across 212 locations in 22 states, helping those at risk of hospitalization.

Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, announced its upcoming earnings release for Q4 and the full year ended December 31, 2020, scheduled for February 25, 2021, after market close. A conference call will be hosted on February 26, 2021, at 9:00 a.m. ET, featuring Dirk Allison (President and CEO), Brian Poff (EVP and CFO), and Brad Bickham (EVP and COO). Investors can access the call via a toll-free number or through a live broadcast on the company’s website.

Addus HomeCare Corporation (NASDAQ: ADUS) announced the appointment of Veronica Hill-Milbourne and Esteban López, M.D. to its Board of Directors, effective January 11, 2021. Hill-Milbourne is the CEO of Spectrum Health Services, with extensive experience in healthcare leadership, while López leads the Americas, Healthcare and Life Sciences for Google Cloud, having previously held key positions in major health insurance firms. Their diverse expertise aims to enhance the company's strategic direction and growth in the home care market.

Addus HomeCare Corporation (NASDAQ: ADUS) announced the acquisition of Queen City Hospice, LLC and Miracle City Hospice, LLC for $192 million, which includes $162.8 million net of tax benefits. Based in Ohio, Queen City Hospice serves about 900 patients daily, enhancing Addus's hospice services in the state. This acquisition is part of a broader strategy to expand home care capabilities, following the recent purchase of SunLife Home Care. Addus expects the transaction to be immediately accretive to its financial results.

Addus HomeCare Corporation (Nasdaq: ADUS) has announced that CEO Dirk Allison and CFO Brian Poff will participate in the virtual Stephens Annual Investment Conference 2020. The presentation will take place on November 19, 2020, starting at 9:00 a.m. Eastern Time. Investors can access a live broadcast and a replay on the company's Investor Relations webpage at www.addus.com one hour after the live event. Addus HomeCare specializes in home care services for individuals at risk of hospitalization, serving around 44,000 consumers across 25 states.

Addus HomeCare Corporation (NASDAQ: ADUS) announced a definitive agreement to acquire Queen City Hospice, LLC, for $192 million, netting $162.8 million after tax benefits. Queen City Hospice operates in Ohio, servicing an average of 900 patients daily; it generates about $56 million in annual revenues. The transaction is expected to be immediately accretive and aligns with Addus's strategy to expand hospice services. Funding will come from cash reserves and a revolving credit facility.

Addus HomeCare Corporation (NASDAQ: ADUS) reported third-quarter financial results for 2020, highlighting a 14.8% increase in net service revenues to $194.0 million, compared to $169.0 million in Q3 2019.

Net income surged 85.6% to $9.1 million with diluted earnings per share at $0.57, up from $0.39. Adjusted EBITDA also rose 12.2% to $19.5 million.

For the first nine months, revenues climbed 24.6% to $568.8 million, and net income increased 70.2% to $24.7 million. The company remains active in acquisitions, recently acquiring County HomeMakers in Pennsylvania.

Addus HomeCare Corporation (Nasdaq: ADUS) will announce its third-quarter earnings on November 2, 2020, after market close. A conference call is scheduled for November 3, 2020, at 9:00 a.m. ET, featuring key executives including President and CEO Dirk Allison. The call can be accessed via a toll-free number, with a replay available until November 17, 2020. Addus HomeCare provides essential home care services to approximately 42,000 consumers across 171 locations in 25 states, primarily targeting individuals at risk of hospitalization.

Addus HomeCare Corporation (Nasdaq: ADUS) announced participation in the Baird 2020 Global Healthcare Conference, taking place virtually on September 9-10, 2020. Dirk Allison, President and CEO, along with Brian Poff, CFO, will represent the company. A live broadcast of their presentation will start at 4:20 p.m. Eastern Time on September 9, with an online replay available for a month afterward. Addus HomeCare provides essential home care services to around 42,000 consumers through 185 locations across 25 states.