EVV Difficulties Creating M&A Opportunities for Addus HomeCare Corporation

Over the last few months, Addus HomeCare Corporation (Nasdaq: ADUS) has had to deal with a challenging legislative environment and significant COVID-19 surges that have affected clients and caregivers alike. Still, the Frisco, Texas-based in-home care provider is maintaining its course, particularly when it comes to M&A activity in 2021. “We continue to evaluate and […]

In-Home Care Providers Concerned About Clients Turning Away Unvaccinated Caregivers

Despite individual concerns and procedural roadblocks in some states, many home health and home care providers say their workers have been able to gain access to the available COVID-19 vaccines. As the U.S. neared a large-scale vaccine rollout, some in-home care operators feared their clinicians and caregivers would be overlooked, especially with government officials often […]

Addus HomeCare Corporation to Acquire Ohio Hospice Provider for $192M

Addus HomeCare Corporation (Nasdaq: ADUS) announced Wednesday it has reached a definitive agreement to acquire an Ohio hospice provider for $192 million. Specifically, the deal is for Queen City Hospice and its affiliate, Miracle City Hospice. The $192 million represents $162.8 million of value, net of the present value of $29.2 million in estimated tax […]

Addus Reignites M&A Engine, Targets Home Health and Hospice Acquisitions

The feeling around the recently expanded Addus HomeCare Corporation (Nasdaq: ADUS) headquarters in Frisco, Texas, is different from just three months ago. Speaking on its Q2 earnings call in August, Addus leadership said the company was in “rebounding mode,” but also not as affected by COVID-19 uncertainties as they initially expected. Additionally, recruiting had become […]

‘Focus on the Little Things’: Tips for Attracting Caregivers During the COVID-19 Crisis

Home-based care agencies are increasingly looking to build a workforce environment that will attract caregivers and get them to stay on the job. While new data has suggested the rapidly changing labor market could work in favor of home-based care providers attempting to hire, even the most successful agencies continue to report recruiting and retention […]

‘Home Care Is Coming to a Crisis’: Medicaid Cuts to Push Addus Out of Nevada

Addus HomeCare Corporation (Nasdaq: ADUS) has decided to close up shop in Nevada due to recent cuts to Medicaid reimbursement rates in the state. Frisco, Texas-based Addus provides a mix of personal care, hospice and home health care services. Prior to shutting down operations in Nevada, the company provided those services to about 43,000 individuals […]

In-Home Care Agencies May Look to Cut Costs by Scrapping Brick-and-Mortar Offices

The COVID-19 crisis has raised a complicated question for home-based care executives as they plan for the year ahead: Is the cost of having a brick-and-mortar office location still worth it? Traditionally, home health and home care operators have maintained a corporate headquarters or local office as a place where administrative staff can come into […]

Addus COO: Recruiting Has Been ‘a Little Bit of a Struggle’ During COVID-19

Addus HomeCare Corporation (Nasdaq: ADUS) is rebounding from coronavirus-related disruption in its personal care and home health segments, company leadership noted Tuesday during a second-quarter earnings call. But the Frisco, Texas-based company also acknowledged there are still significant challenges on the horizon. “Addus had a very solid financial performance for the second quarter of 2020, […]

Addus Makes First Post-Coronavirus Acquisition, Lands A Plus Health Care in Montana

Addus HomeCare Corporation (Nasdaq: ADUS) announced Wednesday it has purchased Kalispell, Montana-based home care provider A Plus Health Care Inc. Addus completed the deal on July 1, with funding provided by cash on hand. No other financial terms of the transaction were disclosed. With seven office locations across Montana, A Plus Health Care’s service lines […]

After Weeks of Coronavirus Chaos, Home-Based Care Providers Welcome Early Signs of Normalcy

After an immense disruption from the COVID-19 virus led to a dip in patient visits and revenue, home-based care insiders are now reporting budding signs of normalcy. The public health crisis, of course, is far from over. But the initial panic is subsiding, patients are receiving care again and providers are gaining confidence operating in […]