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) 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.
Addus HomeCare Corporation has announced the acquisition of JourneyCare, one of Illinois' largest hospice providers, for approximately $85 million. This strategic move will enhance Addus’ hospice services, adding around $55 million in annual revenues and a patient census of 750. The acquisition is expected to close by February 1, 2022, following regulatory approvals. Addus plans to finance the deal using cash and its revolving credit facility, aiming for nominal accretion during the first year as integration occurs.
Addus HomeCare Corporation (NASDAQ: ADUS), a leading provider of home care services, announced participation in the Bank of America Securities Virtual Home Care 2021 Conference on December 6-7, 2021. Key executives, including CEO Dirk Allison and CFO Brian Poff, will present. The live presentation will be broadcast on December 7 at 2:20 PM ET, with a replay available for one month on the company’s website. Addus HomeCare serves approximately 44,500 consumers across 207 locations in 22 states, focusing on personal care, hospice, and home health services.