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 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.