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 Corp.
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 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 […]
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 […]
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