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 (NASDAQ: ADUS) is a provider of home care services, with a focus on personal care, hospice and home health delivered in the home setting. The company’s news flow, as reflected in its press releases and SEC-furnished announcements, centers on financial results, acquisitions, reimbursement developments and participation in healthcare investor conferences.
Investors following ADUS news will see regular quarterly earnings releases in which the company reports net service revenues, segment performance and non-GAAP measures such as adjusted EBITDA and adjusted net income. These releases also discuss trends in its personal care, hospice and home health segments, including organic revenue growth, payor mix and operational metrics like average daily census and billable hours.
Another recurring theme in Addus HomeCare news is growth through acquisitions. Recent announcements describe the acquisition of the Gentiva personal care operations, Helping Hands Home Care Service, Inc. in Pennsylvania and the personal care operations of Del Cielo Home Care Services in Texas. The company explains how these transactions expand its personal care coverage, support its goal of offering three levels of home-based care in certain states and increase its presence in key markets.
News items also cover developments in state reimbursement rates for in-home care, particularly in Illinois and Texas, where budget approvals for rate increases are expected to affect the company’s personal care revenues. In addition, Addus HomeCare issues notices about upcoming earnings calls and its participation in healthcare and investment conferences hosted by firms such as BofA Securities, RBC Capital Markets, Jefferies, UBS and Stephens.
For readers tracking ADUS, this news page provides access to company-issued updates on financial performance, strategic acquisitions, reimbursement changes and investor outreach activities.
Addus HomeCare (ADUS) has completed the acquisition of Gentiva's personal care operations, serving over 16,000 consumers daily across seven states: Arizona, Arkansas, California, Missouri, North Carolina, Tennessee, and Texas. The acquisition, adding approximately $280 million in annualized revenues, was funded through cash from a recent public stock offering and existing credit facilities. The deal positions Addus as the largest personal care provider in Texas and expands its market presence significantly. Both companies' transition teams have been collaborating for six months to ensure smooth integration of operations.
Addus HomeCare (ADUS) announced its participation in the Stephens Annual Investment Conference in Nashville, Tennessee, scheduled for November 19-21. Key executives including Chairman and CEO Dirk Allison, President and COO Brad Bickham, and EVP/CFO Brian Poff will represent the company.
The company's presentation will be broadcast live starting at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time on Tuesday, November 19, 2024. Investors can access both the live broadcast and a one-month replay through the Investor Relations section of www.addus.com.
Addus HomeCare reported strong Q3 2024 financial results with net service revenues increasing 7.0% to $289.8 million. Net income reached $20.2 million ($1.10 per diluted share), while adjusted EBITDA grew 11.1% to $34.3 million. The company's personal care segment, representing 74.3% of revenues, achieved 6.8% organic growth. Cash flow from operations was $48.5 million, and the company maintained strong liquidity with $222.9 million in cash. Addus announced plans to acquire Gentiva's personal care operations, expanding their service area to seven new states.
Addus HomeCare (Nasdaq: ADUS), a provider of home care services, has announced its schedule for the release of third quarter 2024 earnings. The company will disclose its financial results for the quarter ended September 30, 2024, on Monday, November 4, 2024, after the market close. Following this, Addus HomeCare will host a conference call on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time.
Key executives participating in the call include Dirk Allison (Chairman and CEO), Brian Poff (Executive Vice President and CFO), and Brad Bickham (President and COO). Interested parties can access the live call by dialing (833) 629-0620 (US) or (412) 317-1805 (international) and requesting to join the Addus HomeCare earnings call.
A telephonic replay will be available until November 12, 2024, and a live broadcast can be accessed through the company's website at www.addus.com.
Addus HomeCare (NASDAQ: ADUS) reported strong Q2 2024 financial results. Key highlights include:
- Net service revenues increased 10.4% to $286.9 million
- Net income of $18.1 million, or $1.10 per diluted share
- Adjusted EBITDA increased 24.7% to $35.3 million
- Announced agreement to acquire Gentiva's personal care operations
- Completed public offering of 1,725,000 shares for net proceeds of ~$176.1 million
The company's strong performance was driven by robust demand for home-based care services, particularly in personal care, which accounted for 74.2% of revenues. Addus is well-positioned for continued growth through organic expansion and strategic acquisitions.
Addus HomeCare (Nasdaq: ADUS), a provider of home care services, has announced its schedule for the release of second quarter 2024 earnings and the subsequent conference call. The company will release its financial results for the quarter ended June 30, 2024, on Monday, August 5, 2024, after the market close. A conference call will follow on Tuesday, August 6, 2024, at 9:00 a.m. Eastern Time.
Key executives participating in the call include Dirk Allison (Chairman and CEO), Brian Poff (Executive Vice President and CFO), and Brad Bickham (President and COO). Investors can access the live call by dialing (833) 629-0620 (US) or (412) 317-1805 (international). A replay will be available until August 13, 2024. The call will also be broadcast live on the company's website, with an online replay available for one month.
Addus HomeCare (Nasdaq: ADUS) has successfully closed a public offering of 1,725,000 shares of its common stock, including 225,000 shares sold via an underwriters' option. The shares were priced at $108.00 each, generating approximately $176 million in net proceeds after underwriting discounts and expenses.
Out of these funds, $81.4 million will be used to repay outstanding indebtedness under Addus's credit facility. The remaining balance is earmarked for general corporate purposes, which covers previously announced acquisitions, including the personal care assets of Gentiva, and future investments or acquisitions. The offering did not involve any selling stockholders.
BofA Securities and Jefferies led the offering, with Oppenheimer, Raymond James, RBC Capital Markets, and Stephens Inc. acting as co-managers. The SEC approved the automatic shelf registration statement on September 2, 2022, with the final prospectus supplement dated June 26, 2024.
Addus HomeCare (Nasdaq: ADUS) announced the pricing of an underwritten public offering of 1,500,000 shares of common stock at $108.00 per share, aiming to raise $162 million in gross proceeds. The underwriters have a 30-day option to purchase an additional 225,000 shares. Addus plans to allocate approximately $81.4 million of the net proceeds for repaying its outstanding credit facility debt, with the remainder used for general corporate purposes, including the acquisition of Gentiva's personal care assets and potential future acquisitions. The offering is anticipated to close around June 28, 2024, subject to standard closing conditions. BofA Securities and Jefferies are leading the offering, with Oppenheimer & Co., Raymond James, RBC Capital Markets, and Stephens Inc. acting as co-managers.
Addus HomeCare (Nasdaq: ADUS), a provider of home care services, announced a public offering of 1,500,000 shares of common stock, with an option for underwriters to purchase up to an additional 225,000 shares within 30 days. The offering is led by BofA Securities and Jefferies. Net proceeds, estimated at $81.4 million, will be utilized to repay debt and for general corporate purposes, including the acquisition of personal care assets from Gentiva and potential future investments. No selling stockholders are involved. The offering is subject to market conditions and final terms will be specified in the filed prospectus. A preliminary prospectus supplement dated June 26, 2024, has been filed with the SEC.
Addus HomeCare announces a definitive agreement to acquire Gentiva's personal care operations for approximately $350 million.
This acquisition will add annualized revenues of about $280 million across seven states, including Texas, where Addus will become the largest personal care provider.
The deal involves over 16,000 patients daily and will be funded through Addus' existing revolving credit facility.
CEO Dirk Allison highlights this acquisition as a strategic fit to expand market presence and leverage strong personal care experience. Regulatory approvals and customary closing conditions are pending.
Gentiva's CEO David Causby endorses the transition, emphasizing continued growth under Addus' leadership.
BofA Securities and Goldman Sachs are acting as financial advisors for the transaction.