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) 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.
Addus HomeCare Corporation (NASDAQ: ADUS) reported strong financial results for Q2 2020, with net service revenues rising 23.9% to $184.6 million and net income up 30.5% to $6.9 million. Adjusted net income per diluted share reached $0.73, a 35.2% increase year-over-year. For the first six months, revenues surged 30.4% to $374.8 million, highlighting adjusted EBITDA growth of 61.8% to $36.4 million. Cash reserves stood at $158.6 million with $30.4 million net cash from operations in Q2. The company also acquired A Plus Health Care, bolstering its market presence.
Addus HomeCare Corporation (Nasdaq: ADUS) will participate in the virtual BMO 2020 Prescriptions for Success Healthcare Conference on June 23, 2020. CEO Dirk Allison and CFO Brian Poff will present at 2:30 PM ET. The presentation will be live-streamed and available for replay on the company's website for one month afterward. Addus HomeCare offers home care services, assisting approximately 43,000 consumers across 180 locations in 25 states. They focus on personal care, hospice, and home health services, primarily for those at risk of hospitalization.