Amedisys Stock Buyback Highlights Record Prices in Home Health M&A

Amedisys, Inc. (Nasdaq: AMED) doubled down on its own home health, hospice and personal care business Monday, deploying nearly all of its cash on hand to buy back $178 million worth of stock from global investment firm KKR (NYSE: KKR). The transaction signals leadership’s continued confidence in the Baton Rouge, Louisiana-based company’s growth prospects, but […]

Addus CEO on Why Chick-fil-A Matters to In-Home Care Providers

Hiring caregivers remains the No. 1 challenge for in-home care providers, industry executives say. It’s only getting tougher, too, as low-skilled workers outside the industry are being offered progressively higher wages—particularly within retail and fast food. Retail giant Target in March announced it was raising its minimum starting pay for workers for the second time in less […]

Cigna Urges Court to Drop Home Care False Claims Suit

Cigna Corp. has urged an Illinois federal court to drop a ‘flawed’ home care false claims suit, which accuses Addus HomeCare Corp. (NASDAQ: ADUS) and a Cigna subsidiary of bilking the government of millions of dollars by providing Medicare- and Medicaid-covered services to people who didn’t need them. A complaint filed by Stop Illinois Marketing […]

Addus HomeCare Acquires Aid & Assist at Home

Addus HomeCare Corporation (NASDAQ: ADUS) announced Tuesday it has acquired Tennessee-based Cura Partners, LLC (D/B/A Aid & Assist at Home, LLC), a deal that is expected to add $12 million to $13 million to Addus’ revenue this year.  Addus HomeCare provides comprehensive health care services including skilled nursing, personal care aides and rehabilitation, and provides services […]

Addus, Aetna Team Up to Study Smart Phone Benefits for Home Care Aides

Addus Home Care has teamed up with Aetna Better Health of Illinois, an Aetna Medicaid plan, to conduct a pilot study on the impact of providing smart phones to home care aides serving Illinois residents participating in the state’s Integrated Care Program. The care program provides assistance with meal preparation, bathing, housekeeping, and transportation, among […]

Addus HomeCare Completes Acquisition of 15 New Mexico Office Locations

Addus Home Care (NASDAQ: ADUS) is ramping up its position in the home-based services market through the closing of an acquisition of substantially all of the assets of Coordinated Home Health Care, formerly owned by Transition Capital Partners.  The acquisition includes 15 New Mexico-based offices and grows the company’s presence in the state, a goal […]

Addus HomeCare’s Q3 Profits Up 43%, Announces New Acquisitions

Home and community-based services provider Addus HomeCare Corporation (NASDAQ:ADUS) reported a 43% increase in net income in the third quarter ended Sept. 30, 2013 driven by increased average census. Net income rose from nearly $1.8 million in 2012’s third quarter to nearly $2.6 million, while net income from continuing operations increased 25.7% to $2.8 million, or […]

Addus Q4 Earnings up 50%, Completes Sale of Home Health Assets

Addus HomeCare Corporation (NASDAQ: ADUS) this week reported net income for the fourth quarter ending December 31, 2012 of $3.7 million, or $0.35 per diluted share, a 50% increase over the same quarter in 2011. The company attributes positive performance to the sale of its home health service line as well as its Home and […]

LHC Group Acquires Home Health Business from Addus for $20 Million

Post-acute care provider LHC Group Inc. (NASDAQ:LHCG) has entered into an agreement to acquire the home health service line of Addus HomeCare Corp. (NASDAQ:ADUS) in a $20 million transaction expected to close on or around Feb. 28, 2013. The deal encompasses 19 home health agencies and two hospice agencies in five states and will expand […]