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 Corporation (NASDAQ: ADUS) reported an 11.0% increase in third-quarter revenue, totaling $240.5 million, compared to $216.7 million in Q3 2021. Net income slightly declined to $11.5 million or $0.71 per diluted share. Adjusted EBITDA was $25.7 million, up 3.4% year-over-year. The overall service revenue for the first nine months rose 10.0% to $704.1 million. The acquisition of Apple Home Healthcare is expected to further enhance growth, adding approximately $65 million in annualized revenue.
Addus HomeCare Corporation (NASDAQ: ADUS) will release its third quarter earnings for the period ending September 30, 2022, on October 31, 2022, after market close. A conference call will follow on November 1, 2022, at 9:00 a.m. Eastern Time, featuring Chairman and CEO Dirk Allison, CFO Brian Poff, and COO Brad Bickham. The call can be accessed via phone or through a live broadcast on the Company’s website. Addus HomeCare provides essential home care services to approximately 46,500 consumers across 207 locations in 22 states, addressing the needs of the elderly and disabled.
Addus HomeCare Corporation (NASDAQ: ADUS) announced the acquisition of Apple Home Healthcare, LTD, effective October 1, 2022. Based in Chicago, Apple serves approximately 450 patients daily and generates around $10 million in annual revenues. This move aligns with Addus's growth strategy to enhance its clinical services in the Chicago area, bolstering its market position. The acquisition was funded through cash and a revolving credit facility and is expected to positively impact financial results immediately.
Addus HomeCare Corporation (Nasdaq: ADUS) announced the passing of Steven L. Geringer, a long-serving member of its Board of Directors, on September 7, 2022. Dirk Allison, Chairman and CEO, expressed deep sorrow over Geringer's loss, highlighting his role as a leader and mentor at Addus. Geringer served as a Director since 2009 and held key positions including Chairman from January 2016 to March 2021. Addus HomeCare provides essential home care services for those at risk of hospitalization or institutionalization, serving approximately 45,500 consumers across 206 locations in 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS) reported its Q2 2022 financial results, highlighting an 8.7% revenue increase to $236.9 million. Net income stood at $11.3 million ($0.70 per diluted share), slightly down from $11.6 million the previous year. Adjusted EBITDA rose 3.1% to $25.1 million. For the first half of 2022, revenues increased 9.5% to $463.6 million. The company reported strong cash flow, with $56.5 million from operations and maintained a strong liquidity position with $120.9 million in cash.
Addus HomeCare Corporation (NASDAQ: ADUS) will announce its second quarter earnings on August 1, 2022, after market close. A conference call featuring CEO Dirk Allison, CFO Brian Poff, and COO Brad Bickham is scheduled for August 2, 2022, at 9:00 a.m. ET. Interested parties can join the call by dialing (877) 270-2148 or through the company's website. Addus HomeCare provides home care services to approximately 45,500 consumers across 206 locations in 22 states, focusing on assisting the elderly and disabled.
Addus HomeCare Corporation (NASDAQ: ADUS) has announced its participation in the Jefferies Healthcare Conference from June 8-10, 2022, in New York City. Dirk Allison, CEO, and Brian Poff, CFO, will represent the company at this event. A live broadcast of their presentation will be available on the company’s website www.addus.com starting at 11:30 a.m. ET on June 8, with a replay accessible for one month following the event.
Addus provides home care services to approximately 44,500 consumers across 207 locations in 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS), a leading provider of home care services, announced participation in the 2022 RBC Capital Markets Global Healthcare Conference on May 17-18, 2022, in New York City. CEO Dirk Allison and CFO Brian Poff will represent the company. A live broadcast of their presentation will be available on Addus's website at 10:30 a.m. ET on May 18, with a replay accessible for one month post-event. Addus HomeCare serves approximately 44,500 consumers across 207 locations in 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS) reported financial results for Q1 2022, revealing revenue growth of 10.4% to $226.6 million compared to Q1 2021. Net income was $8.5 million, equating to $0.53 per diluted share, down from $8.9 million or $0.55 per share a year ago. Adjusted EBITDA rose 16.1% to $22.4 million, and adjusted earnings per share increased to $0.77. Despite challenges from the Omicron variant affecting personal care volumes, demand for home-based care remains strong.
Addus HomeCare Corporation (Nasdaq: ADUS) will participate in the BofA Securities 2022 Healthcare Conference from May 9-13, 2022, in Las Vegas, Nevada. Key executives, including Chairman and CEO Dirk Allison, President and COO Brad Bickham, and CFO Brian Poff, will represent the company. A live broadcast of their presentation will start at 5:00 p.m. Eastern Time on May 10, 2022, available on the company’s website. Addus HomeCare provides essential home care services, aiding approximately 44,500 consumers through 207 locations across 22 states.