Addus Homecare Stock Price, News & Analysis

Addus HomeCare Corporation (NASDAQ: ADUS) is a health care and social assistance company focused on providing home care services in the United States. According to the company’s public disclosures, Addus HomeCare’s primary services include personal care that assists with activities of daily living, along with hospice and home health services. These services are aimed at individuals who, without such support, are at risk of hospitalization or institutionalization, including elderly, chronically ill and disabled consumers.

The company reports that its payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. This mix of payors reflects Addus HomeCare’s participation in government-funded programs as well as arrangements with private entities and out-of-pocket payors. Addus HomeCare states that it provides home care services to approximately 62,000 consumers and patients through hundreds of locations across 23 states, indicating a multi-state operating footprint in the home health care services industry.

Business Segments and Services

Addus HomeCare describes three main areas of service. The personal care segment provides non-medical assistance with activities of daily living to persons at risk of hospitalization or institutionalization. This segment is identified in prior descriptions as a key revenue driver and remains central to the company’s home care offering.

The hospice segment provides physical, emotional and spiritual care for people who are terminally ill and for their families. This service line focuses on end-of-life care in the home setting. The home health segment offers services that are medical in nature to individuals who may require assistance during an illness or after surgery. Together, these three segments allow the company to offer multiple levels of home-based care, from non-medical support to clinical services and hospice care.

Scale and Geographic Reach

In its recent press releases, Addus HomeCare reports that it provides home care services to approximately 62,000 consumers and patients through around 260 to 265 locations across 23 states. This indicates that the company operates a network of offices and care teams serving a broad base of home-based care recipients. The company is incorporated in Delaware and lists its principal offices in Frisco, Texas, in its SEC filings.

The company’s disclosures also highlight that it operates across multiple states through its personal care, hospice and home health locations. Within its personal care operations, Addus HomeCare reports that it serves consumers in numerous states and that state and local governmental programs and managed care organizations represent significant payor categories for this segment.

Payor Mix and Government Program Exposure

According to the company’s reported data for its personal care segment, state, local and other governmental programs, along with managed care organizations, represent the majority of revenues. The company also notes smaller contributions from private duty and commercial payors. For hospice services, Addus HomeCare reports that Medicare is the primary payor, with additional revenue from commercial plans and managed care organizations. In home health, the company discloses that Medicare and managed care organizations are key payors, with additional participation from state and local programs and commercial payors.

These disclosures indicate that Addus HomeCare’s business is closely tied to public reimbursement programs and managed care arrangements. The company has also publicly commented on state budget decisions affecting reimbursement rates for in-home care in specific markets such as Illinois and Texas, describing how rate changes in those states are expected to affect its personal care revenues and margins.

Growth Through Organic Expansion and Acquisitions

In its recent earnings releases, Addus HomeCare describes growth driven by both organic expansion and acquisitions. The company reports organic revenue growth in its personal care and hospice segments, supported by demand for home-based care and rate support in certain states. It also highlights acquisitions as part of its growth strategy.

For example, Addus HomeCare reports that it completed the acquisition of the personal care operations of Gentiva (the personal care business of Curo Health Services, LLC) on December 2, 2024, through a wholly owned subsidiary. The company later filed an amended Form 8-K to include unaudited pro forma combined financial information related to this transaction. In addition, the company discloses that it acquired Helping Hands Home Care Service, Inc., which offers personal care, home health and hospice services in western Pennsylvania, and the personal care operations of Del Cielo Home Care Services in Texas. These acquisitions are described as expanding the company’s personal care coverage and supporting its objective of offering three levels of home-based care in states where it operates.

Service Mix and Segment Contribution

Across its earnings releases, Addus HomeCare provides information on the relative contribution of each segment to total net service revenues. The company reports that personal care accounts for the majority of its revenues, with hospice and home health representing smaller portions. For example, in its discussions of quarterly results, the company notes that personal care represented more than three-quarters of total revenue in certain periods, with hospice and home health making up the remainder.

The company also discloses segment-level statistics, such as the number of states served and locations at period end for personal care, hospice and home health, as well as metrics like average daily census, billable hours and revenue per patient day. These disclosures provide additional context on how the company measures activity and performance across its service lines.

Corporate Governance and Public Company Status

Addus HomeCare Corporation files reports with the U.S. Securities and Exchange Commission under Commission File Number 001-34504. The company’s Form 8-K filings describe events such as quarterly earnings releases, stockholder meeting results and acquisition-related disclosures. For example, an 8-K filed in June 2025 reports the results of the company’s annual meeting of stockholders, including the election of directors, ratification of the independent auditor and advisory votes on executive compensation and the frequency of such votes.

The company’s filings also confirm that it is organized under the laws of Delaware and provide its principal office location in Frisco, Texas (without specifying a street address here). These regulatory disclosures support its status as a publicly traded company on the NASDAQ under the symbol ADUS.

Investor and Analyst Focus Areas

Based on the company’s own communications, topics of interest for investors and analysts include net service revenue growth, segment performance in personal care, hospice and home health, payor mix, reimbursement rate changes in key states, and the impact of acquisitions. The company regularly furnishes press releases as exhibits to its Form 8-K filings when it announces quarterly financial results, and it participates in healthcare and investor conferences where its executives present and take part in discussions.

Frequently Asked Questions About Addus HomeCare Corp.

• What does Addus HomeCare Corp. do?
  Addus HomeCare Corp. is a provider of home care services. According to its public statements, its primary services include personal care that assists with activities of daily living, hospice care for terminally ill patients and their families, and home health services that are medical in nature for individuals who need assistance during an illness or after surgery.
• Who does Addus HomeCare serve?
  The company states that its consumers are primarily persons who, without home care services, are at risk of hospitalization or institutionalization. This includes elderly, chronically ill and disabled individuals who receive support in the home setting.
• What are Addus HomeCare’s main business segments?
  Addus HomeCare describes three main segments: personal care, hospice and home health. Personal care provides non-medical assistance with activities of daily living, hospice offers physical, emotional and spiritual care for terminally ill patients and their families, and home health delivers medical services for individuals needing support during illness or after surgery.
• Who pays for Addus HomeCare’s services?
  The company reports that its payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. The payor mix varies by segment, with state and local programs and managed care organizations being important for personal care, and Medicare being the primary payor for hospice and a key payor for home health.
• Where does Addus HomeCare operate?
  According to its press releases, Addus HomeCare provides home care services through approximately 260 to 265 locations across 23 states. The company is incorporated in Delaware and identifies Frisco, Texas, as the location of its principal offices in SEC filings.
• How large is Addus HomeCare’s consumer base?
  In recent disclosures, Addus HomeCare states that it provides home care services to approximately 62,000 consumers and patients. This figure reflects individuals receiving services across its personal care, hospice and home health segments.
• How does Addus HomeCare describe its growth strategy?
  In its earnings releases, the company describes growth driven by a combination of organic expansion and acquisitions. It highlights organic revenue growth in personal care and hospice, along with acquisitions such as the Gentiva personal care operations, Helping Hands Home Care and the personal care operations of Del Cielo Home Care Services, as contributors to its expanding service footprint.
• What role do state reimbursement rates play in Addus HomeCare’s business?
  Addus HomeCare has publicly commented on state budget decisions affecting in-home care reimbursement rates in markets such as Illinois and Texas. The company describes how increases in base hourly reimbursement rates in these states are expected to add annualized revenue and notes that these changes relate to its personal care operations and caregiver wage requirements.
• How does Addus HomeCare report its financial results?
  The company announces its quarterly and annual financial results through press releases that are furnished as exhibits to Form 8-K filings with the SEC. These releases include information such as net service revenues, net income, segment performance and non-GAAP measures like adjusted EBITDA and adjusted net income, along with reconciliations to the most directly comparable GAAP measures.
• Is Addus HomeCare a public company?
  Yes. Addus HomeCare Corporation files reports with the U.S. Securities and Exchange Commission under Commission File Number 001-34504 and states that its common stock trades on the NASDAQ under the ticker symbol ADUS.