Home-based care providers appear to have reached a dangerous growth plateau. Unfortunately, I expect that it’s going to be a difficult one to overcome. After several years of steady growth, demand for in-home care has exploded during the COVID-19 pandemic, with non-medical home care operators and skilled home health providers both so busy they’ve had […]
Addus HomeCare Corporation
Addus HomeCare Corporation (Nasdaq: ADUS) has remained laser focused on one goal for some time now: building out all three of its home-based service lines in markets where it is already present. That requires a strategic and aggressive M&A strategy, which Addus has executed in the past year. It plans to continue making moves in […]
Addus HomeCare Corporation (Nasdaq: ADUS) has signed a definitive agreement to acquire Armada Skilled Home Health and Hospice, further building out its already sizable footprint in the state of New Mexico. It’s yet another step for Addus in its quest to build out home health, hospice and personal care lines in specific markets and states, […]
McAnanly takes over at FirstLight FirstLight Home Care announced Wednesday that it has picked its new president. The appointment comes roughly seven months after FirstLight’s board of directors sought a change in leadership from former CEO Jeff Bevis, who founded the home care company with his son in 2009. Moving forward, the Cincinnati-based FirstLight will […]
While Addus HomeCare Corporation (Nasdaq: ADUS) has long been known as a personal care giant, it’s increasingly expanding in the more clinical home-based care arenas. It’s doing so, too, while going after more value-based payment arrangements, Chief Strategy Officer Darby Anderson recently told Home Health Care News. As a company, the Frisco, Texas-based Addus delivers […]
The 45th episode of our podcast, Disrupt, is now available! Addus HomeCare Corporation (Nasdaq: ADUS) is one of the largest personal care services providers in the U.S., with growing footprints in both the hospice and home health spaces as well. Today, the home-based care provider delivers its services to about 44,000 consumers through 208 locations […]
American Rescue Plan (ARP) funding has started trickling down to programs aimed at helping seniors age in place. Earlier in May, the Biden administration released $1.4 billion for Older American Act-enabled initiatives related to vaccine coordination, senior nutrition and more. Meanwhile, the U.S. Department of the Treasury has been overseeing the distribution of $350 billion […]
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 […]
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 (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 […]