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) 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.
Addus HomeCare Corporation (NASDAQ: ADUS) announced the appointment of Cliff Blessing as the new Executive Vice President and Chief Development Officer, effective April 20, 2022. Blessing brings over 15 years of corporate development, finance, and strategy experience, previously serving at Encompass Health. CEO Dirk Allison expressed confidence that Blessing’s experience will enhance Addus's acquisition strategies and growth initiatives. Addus specializes in personal care services and operates 207 locations across 22 states, serving approximately 44,500 consumers.
Addus HomeCare Corporation (Nasdaq: ADUS) is set to release its earnings for the first quarter ending March 31, 2022, on May 2, 2022, after the market closes. A conference call will follow on May 3, 2022, at 9:00 a.m. ET, featuring key executives. The company delivers home care services to approximately 44,500 consumers across 207 locations in 22 states, focusing on the elderly and disabled populations. Further details can be accessed through their website.
Addus HomeCare Corporation (NASDAQ: ADUS) announced the promotion of Monica Raines to Executive Vice President, Chief Compliance and Quality Officer, effective March 1, 2022. With over 20 years of experience in healthcare compliance and law, Raines has been with Addus since 2016. CEO Dirk Allison expressed confidence in her ability to lead compliance efforts as the company continues to grow and expand its market reach. Addus HomeCare provides essential home care services to around 45,000 consumers across 211 locations in 22 states.
Addus HomeCare Corporation (Nasdaq: ADUS) announced its participation in the Oppenheimer 32nd Annual Healthcare Conference, occurring virtually. Key executives, including CEO Dirk Allison, COO Brad Bickham, and CFO Brian Poff, will present. The presentation will be live-streamed starting at 10:40 a.m. Eastern Time on March 15, 2022, with an online replay available for one month afterward. Addus HomeCare offers essential home care services to around 45,000 consumers across 211 locations in 22 states, focusing on aiding the elderly and chronically ill.
Addus HomeCare Corporation (NASDAQ: ADUS) reported strong financial results for Q4 2021 and the full year. Revenues grew 14.6% year-over-year to $224.6 million, while net income rose 54.6% to $13.1 million, or $0.81 per diluted share. For the full year, revenues increased 13.0% to $864.5 million, with net income up 36.2% to $45.1 million. Adjusted EBITDA for Q4 reached $26.7 million, a 27.5% increase from the previous year. Addus remains optimistic about future growth and has successfully navigated ongoing challenges from the pandemic.
Addus HomeCare Corporation (NASDAQ: ADUS) announced participation in the Raymond James 43rd Annual Institutional Investors Conference from March 6-9, 2022, in Orlando, Florida. Key executives, including CEO Dirk Allison and COO Brad Bickham, will present, with a live broadcast available on their website starting at 8:05 a.m. ET on March 8. Addus HomeCare provides essential home care services to approximately 45,000 consumers across 211 locations in 22 states, focusing on personal care, hospice, and home health services.
Addus HomeCare Corporation (Nasdaq: ADUS) will announce its fourth quarter and year-end earnings on February 24, 2022, post market close. A conference call led by CEO Dirk Allison and CFO Brian Poff will occur on February 25, 2022, at 9:00 a.m. ET. It will be accessible via a toll-free number and online. The company offers home care services primarily for individuals at risk of hospitalization, including the elderly and disabled, servicing around 45,000 clients across 209 locations in 22 states.
Addus HomeCare Corporation has acquired JourneyCare, Inc. for approximately $85 million. This acquisition is set to enhance Addus's hospice operations as JourneyCare, a leading provider in the Chicago area, serves around 750 patients daily. The deal aligns with Addus's strategy to expand its service offerings in Illinois, where it already has a strong presence. The acquisition was funded through available cash and the company’s revolving credit facility. Addus aims to integrate JourneyCare's operations efficiently and continue pursuing growth through strategic acquisitions.