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Addus HomeCare Corp. (NASDAQ: ADUS) is a leading provider of in-home personal care services in the United States. The company operates across three main segments: personal care, hospice, and home health. The personal care segment is the cornerstone of Addus HomeCare, delivering non-medical assistance with daily living activities like bathing, grooming, feeding, and transportation. This care is primarily aimed at the elderly, disabled, and chronically ill who are at risk of hospitalization or institutionalization.
The hospice segment offers palliative care, encompassing physical, emotional, and spiritual support for terminally ill patients and their families. This segment also includes bereavement counseling and social work services. The home health segment focuses on skilled nursing and therapies such as physical, occupational, and speech therapy for patients recovering from illness or surgery.
Financially robust, Addus HomeCare recently reported significant growth, achieving net service revenues of $280.7 million in Q1 2024, a 11.6% increase year-over-year. The company's strategic acquisitions, including the purchase of Tennessee Quality Care and the personal care segment of Gentiva, have expanded its market presence, particularly in key states like Texas.
With over 49,000 consumers served through 214 locations in 22 states, Addus HomeCare's payor clients include federal, state, and local governments, managed care organizations, commercial insurers, and private individuals. The company continues to focus on growth opportunities through acquisitions and organic expansion while maintaining a strong balance sheet and financial flexibility.
Addus HomeCare also actively engages in important regulatory discussions, such as the recent HHS rule on Medicaid services, ensuring that the company adapts to industry changes and continues to provide high-quality care.
Addus HomeCare Corporation (NASDAQ: ADUS) will release its earnings for the first quarter ended March 31, 2023, on May 1, 2023, after market close. A conference call to discuss the results is scheduled for May 2, 2023, at 9:00 a.m. ET. The call will feature key executives including Dirk Allison, CEO, and Brian Poff, CFO. Interested parties can join by dialing (833) 629-0620. A replay of the call will be available until May 9, 2023. Addus HomeCare provides essential home care services to approximately 47,500 consumers across 203 locations in 22 states, focusing on personal care and support for the elderly and disabled. For additional information, visit www.addus.com.
Addus HomeCare Corporation (NASDAQ: ADUS) appointed Heather Dixon, CPA, as an independent board member effective March 1, 2023. She takes over the seat previously held by Steven Geringer and will also serve on the Audit Committee. Currently the CFO at Everside Health, Dixon has extensive experience in financial roles at major healthcare organizations, including Walgreens and Aetna. Dirk Allison, Chairman and CEO, expressed confidence in Dixon's expertise, emphasizing her potential contribution to corporate governance and growth strategies. Addus HomeCare provides vital home care services to 46,500 consumers across 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS) announces participation in the Oppenheimer 33rd Annual Healthcare Conference on March 14, 2023. Dirk Allison, Chairman, President, and Brian Poff, Executive Vice President and CFO, will represent the company. A live broadcast of the presentation will start at 9:20 a.m. Eastern Time and will be accessible via the investor relations section of their website. An online replay will be available for one month post-event. Addus HomeCare provides home care services to around 46,500 consumers across 202 locations in 22 states, focusing on assisting vulnerable populations.
Addus HomeCare Corporation (NASDAQ: ADUS) reported Q4 and full-year 2022 financial results, highlighting a 10.0% revenue increase to $247.1 million in Q4 and $951.1 million for the year. Net income rose to $14.8 million in Q4, with adjusted earnings per diluted share at $1.11. Adjusted EBITDA for Q4 grew 5.4% to $28.2 million. Despite challenges like staffing shortages and inflation, Addus maintained cash flow from operations at $24.3 million in Q4. The company continues to invest in technology and acquisitions, anticipating a favorable acquisition environment in 2023, with a strong focus on expanding clinical services.
Addus HomeCare Corporation (Nasdaq: ADUS) announced that its Chairman and CEO, Dirk Allison, along with CFO Brian Poff, will participate in the Raymond James & Associates 44th Annual Institutional Investors Conference from March 5-8, 2023, in Orlando, Florida. A live broadcast of their presentation will be available on the company's website, starting at 9:15 a.m. ET on March 8. The replay will remain accessible for one month. Addus HomeCare offers critical personal care and home health services to approximately 46,500 consumers across 202 locations in 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS) announced it will release its earnings for the fourth quarter and year ended December 31, 2022, on February 27, 2023, after market close. A conference call will follow on February 28, 2023, at 9:00 a.m. ET, featuring key executives including Chairman and CEO Dirk Allison. Investors can join the call by dialing (833) 629-0620. The call will be accessible through a replay until March 7, 2023, and a live broadcast will be available on the Company’s website.
Addus HomeCare provides home care services to approximately 46,500 consumers across 202 locations in 22 states.
Addus HomeCare Corporation (Nasdaq: ADUS) has announced participation in the Stephens Annual Investment Conference from November 15-17, 2022, in Nashville, Tennessee. Key executives, including CEO Dirk Allison, President Brad Bickham, and CFO Brian Poff, will represent the company. A live broadcast of their presentation will be available on the company’s website starting at 10:00 a.m. Eastern Time on November 16. Addus HomeCare provides essential home care services to approximately 46,500 consumers across 22 states, aiming to assist those at risk of hospitalization or institutionalization.
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.
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