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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) announced the acquisition of Apple Home Healthcare, LTD, effective October 1, 2022. Based in Chicago, Apple serves approximately 450 patients daily and generates around $10 million in annual revenues. This move aligns with Addus's growth strategy to enhance its clinical services in the Chicago area, bolstering its market position. The acquisition was funded through cash and a revolving credit facility and is expected to positively impact financial results immediately.
Addus HomeCare Corporation (Nasdaq: ADUS) announced the passing of Steven L. Geringer, a long-serving member of its Board of Directors, on September 7, 2022. Dirk Allison, Chairman and CEO, expressed deep sorrow over Geringer's loss, highlighting his role as a leader and mentor at Addus. Geringer served as a Director since 2009 and held key positions including Chairman from January 2016 to March 2021. Addus HomeCare provides essential home care services for those at risk of hospitalization or institutionalization, serving approximately 45,500 consumers across 206 locations in 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS) reported its Q2 2022 financial results, highlighting an 8.7% revenue increase to $236.9 million. Net income stood at $11.3 million ($0.70 per diluted share), slightly down from $11.6 million the previous year. Adjusted EBITDA rose 3.1% to $25.1 million. For the first half of 2022, revenues increased 9.5% to $463.6 million. The company reported strong cash flow, with $56.5 million from operations and maintained a strong liquidity position with $120.9 million in cash.
Addus HomeCare Corporation (NASDAQ: ADUS) will announce its second quarter earnings on August 1, 2022, after market close. A conference call featuring CEO Dirk Allison, CFO Brian Poff, and COO Brad Bickham is scheduled for August 2, 2022, at 9:00 a.m. ET. Interested parties can join the call by dialing (877) 270-2148 or through the company's website. Addus HomeCare provides home care services to approximately 45,500 consumers across 206 locations in 22 states, focusing on assisting the elderly and disabled.
Addus HomeCare Corporation (NASDAQ: ADUS) has announced its participation in the Jefferies Healthcare Conference from June 8-10, 2022, in New York City.
Addus provides home care services to approximately 44,500 consumers across 207 locations in 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS), a leading provider of home care services, announced participation in the 2022 RBC Capital Markets Global Healthcare Conference on May 17-18, 2022, in New York City. CEO Dirk Allison and CFO Brian Poff will represent the company. A live broadcast of their presentation will be available on Addus's website at 10:30 a.m. ET on May 18, with a replay accessible for one month post-event. Addus HomeCare serves approximately 44,500 consumers across 207 locations in 22 states.
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
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