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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 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
Addus HomeCare Corporation has announced the acquisition of JourneyCare, one of Illinois' largest hospice providers, for approximately
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.
FRISCO, Texas -- Addus HomeCare Corporation (Nasdaq: ADUS) announced participation in the Stephens 23rd Annual Investment Conference from December 1-3 in Nashville, Tennessee. Key executives, including Chairman Dirk Allison and CFO Brian Poff, will present at the conference. A live broadcast of the presentation will be available on the company’s website at 10:00 a.m. ET on December 1, 2021, with a replay accessible for one month afterward. Addus HomeCare provides home care services to approximately 44,500 consumers across 207 locations in 22 states.
Addus HomeCare Corporation (NASDAQ: ADUS) has announced a new value-based agreement with Blue Cross and Blue Shield of New Mexico (BCBSNM) for Medicaid members served by its Ambercare subsidiary. The "Stay Healthy at Home" program aims to facilitate timely care for members identified with care gaps, reducing the need for emergency visits. Addus will provide training for caregivers to better recognize urgent needs and coordinate care with BCBSNM. This agreement is anticipated to enhance member outcomes and satisfaction while promoting effective home-based care delivery.
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