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Addus HomeCare Corp (ADUS) provides essential in-home care services including personal care, hospice support, and home health solutions for elderly and chronically ill patients. This news hub offers investors and industry professionals timely access to official company updates and market-relevant developments.
Track ADUS's financial performance, service expansions, and strategic partnerships through verified press releases and news analysis. Our curated collection ensures you stay informed about regulatory changes, operational milestones, and leadership announcements impacting the in-home care sector.
Key updates include earnings reports, acquisitions, regulatory filings, and innovations in non-medical assistance programs. Bookmark this page for reliable ADUS news coverage that prioritizes factual accuracy and comprehensive reporting on home care industry trends.
Addus HomeCare (Nasdaq: ADUS) has announced a definitive agreement to sell its New York operations to HCS-Girling, a Brooklyn-based home care provider.
The transaction, valued at up to $23 million, includes all personal care operations and fiscal intermediary services under the New York Consumer Directed Personal Assistance Program (CDPAP). The closing is subject to regulatory approvals.
Proceeds will reduce Addus' revolving credit facility balance. CEO Dirk Allison noted that exiting New York aligns with the company's growth strategy, eliminating a challenging market with financial contributions.
HCS-Girling's Co-CEO Agnes Shemia expressed optimism about expanding their service coverage in New York and integrating Addus' employees and caregivers.
Addus HomeCare (Nasdaq: ADUS) will participate in the BofA Securities Health Care Conference 2024 in Las Vegas, Nevada. The company's top executives will be present at the conference to showcase their services and engage with potential investors. A live broadcast and replay of the presentation will be available on the company's website for one month.
Addus HomeCare (NASDAQ: ADUS) announced its first quarter 2024 financial results, showing an 11.6% revenue growth to $280.7 million. Net income was $15.8 million, with adjusted net income per diluted share increasing to $1.21. Adjusted EBITDA rose by 24.6% to $32.4 million. The company is focused on strategic growth, investing in acquisitions, and maintaining a strong financial position.
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