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Addus HomeCare Corp. - $ADUS STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Addus HomeCare's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Addus HomeCare Corporation (NASDAQ: ADUS) reported strong financial results for Q2 2023. Net service revenues grew 9.7% to $260.0 million, while net income reached $14.9 million, or $0.91 per diluted share. Adjusted net income per diluted share increased 17.6% year-over-year to $1.07. Adjusted EBITDA increased 12.7% to $28.3 million. The company also announced an agreement to acquire Tennessee Quality Care's home health, hospice, and private duty nursing operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.5%
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Rhea-AI Summary
Addus HomeCare Corporation (Nasdaq: ADUS) to Release Q2 2023 Earnings on July 31, 2023, After Market Close. Conference Call Scheduled for August 1, 2023, at 9:00 a.m. Eastern time. Key executives to join the call. Investors can access the live call and replay details on the Company’s website.
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Rhea-AI Sentiment
End-of-Day
1.44%
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Rhea-AI Summary
Addus HomeCare Corporation (Nasdaq: ADUS) has announced a definitive agreement to acquire Tennessee Quality Care, a provider of home health, hospice, and private duty nursing services. Tennessee Quality Care serves approximately 1,800 patients daily through 17 locations in Tennessee. The acquisition is expected to close in Q3 2023 and will be funded through a combination of cash on hand and the company's revolving credit facility. The acquired operations have annualized revenues of approximately $40 million.
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1.56%
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-1.08%
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-0.9%
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-2.57%
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conferences
Rhea-AI Summary
Addus HomeCare Corporation (NASDAQ: ADUS) announced its financial results for the first quarter ended March 31, 2023. Revenues grew 11.0% to $251.6 million. Net income was $12.7 million, or $0.78 per diluted share. Adjusted EBITDA increased 16.2% to $26.0 million. Cash flow from operations was $18.8 million. The company saw strong top-line growth and is well-positioned to meet the demand for home care services.
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-2.57%
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8.61%
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-0.95%
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-1.31%
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management
Addus HomeCare Corp.

Nasdaq:ADUS

ADUS Rankings

ADUS Stock Data

1.61B
15.67M
2.08%
98.86%
2.18%
Home Health Care Services
Health Care and Social Assistance
Link
United States of America
FRISCO

About ADUS

addus homecare corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the united states. it operates in three segments: personal care, hospice, and home health. the personal care segment provides non-medical assistance with activities of daily living. this segment's services include assistance with bathing, grooming, oral care, feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services. the hospice segment provides palliative nursing care, social work, spiritual counseling, homemaker, and bereavement counseling services for people who are terminally ill, as well as related services for their families. the home health segment offers skilled nursing and physical, occupational, and speech therapy for the individuals who requires assistance during an illness or after hospitalization. the company's payor clients include f