Addus Amends 8-K to Include Gentiva YTD Pro Forma Results
Rhea-AI Filing Summary
Addus HomeCare Corporation amended its Current Report to provide additional financial disclosure related to a completed acquisition. The company reports that on December 2, 2024 its subsidiary, Addus HealthCare, Inc., completed the acquisition of the personal care business of Curo Health Services, LLC (doing business as Gentiva). This Amendment No. 2 adds unaudited financial statements of the acquired business for the year-to-date ended December 1, 2024, and references an unaudited pro forma condensed combined statement of operations for the same period filed as Exhibit 99.1. The filing states that all other disclosures in the prior amended report remain unchanged.
Positive
- Acquisition completion disclosed: The company confirms Addus HealthCare completed the acquisition of Gentiva's personal care business on December 2, 2024.
- Supplemental financial disclosure: Unaudited financial statements for the acquired business for the year-to-date ended December 1, 2024 were added.
- Pro forma information filed: An unaudited pro forma condensed combined statement of operations for the YTD period is included as Exhibit 99.1.
Negative
- None.
Insights
TL;DR: Acquisition of Gentiva personal care business completed and supplemental financials filed to integrate reporting.
The filing confirms a completed acquisition by Addus HealthCare, Inc. and supplements prior disclosure with unaudited financial statements for the acquired business through December 1, 2024, plus an unaudited pro forma condensed combined statement of operations as Exhibit 99.1. This is a routine post-closing disclosure step to allow investors to see the acquired business's recent performance and the preliminary combined operating results. The amendment does not state transaction consideration, expected synergies, or audited results, so material financial impact cannot be assessed from this filing alone.
TL;DR: Additional unaudited and pro forma financial information provided; no new operational metrics or guidance included.
The report provides unaudited YTD financials for the Acquired Business and a pro forma condensed combined statement of operations, which helps modelers incorporate the acquisition into forecasts. The document explicitly notes all other disclosures remain unchanged. Because the amendment does not include audited statements, specific revenue, profit or balance sheet figures, or transaction consideration, investors lack the quantitative detail needed to evaluate the acquisition's effect on Addus's financials from this filing alone.