One of the nation’s largest providers of in-home care services has completed its change in corporate headquarters—and has an updated look to boot. Addus HomeCare Corporation (Nasdaq: ADUS) has officially switched its corporate address from the Chicago suburb of Downers Grove, Illinois, to Frisco, Texas. The company, which operated 111 locations across 24 states as of […]
Three of the biggest publicly-traded home health companies had a stellar showing last month, as their market performance both outpaced the S&P 500 index and achieved a new record high for the month of April, according to the latest Home Health Index from Stoneridge Partners. The Home Health Index, which tracks the market values of […]
Addus HomeCare (Nasdaq: ADUS) is prepping for growth and looking to buy. That was the general theme of a May 9 earnings call with analysts in which the Downers Grove, Illinois-based personal care company announced a first quarter net income of $4.3 million, an increase over its net income of $157,000 in the same quarter last year. The […]
Addus Homecare (Nasaq: ADUS) is buying a personal care services provider with a sizable footprint in New Mexico. Addus announced Thursday it signed a definitive agreement to purchase Options Home Care, a provider of personal care services in 20 counties in New Mexico and a wholly-owned subsidiary of HB Management Group. Options Home Care has […]
A national home care partnership, which counts Addus HomeCare (Nasdaq: ADUS) and Bayada Home Health Care as members, is urging the Trump administration and Congress to improve and modernize the Medicaid program and expand access to home-based care and services. The Partnership for Medicaid Home-Based Care (PMHC) issued a statement Wednesday outlining its “Home First” recommendations, which would “ensure individuals are offered home–based care […]
Home health care advocates have identified a “tipping point” for the industry, and many groups are pushing for home- and community-based services to become more centralized within the broader health care system. As home-based services adapt to to the ongoing changes in health care, where home health falls on the provider spectrum is still to […]
Three of the largest publicly-traded home health care companies grew their averaged share prices at a modest pace last month, according to the latest Home Health Index released by Stoneridge Partners. The index, which tracks the market values of Almost Family (Nasdaq: AFAM), Amedisys Inc. (Nasdaq: AMED) and LHC Group (Nasdaq: LHCG), ticked up 1.77% in March […]
After being slammed with accusations of fraud under the False Claims Act in a whistleblower case, Addus Homecare (Nasaq: ADUS) has filed another motion to dismiss the case. In early February, a judge ruled that the case, which alleges that Addus engaged in several fraud schemes involving Medicare home health patients, could move forward after […]
In a month marked by the inauguration of President Donald Trump, three of the largest publicly-traded home health care companies saw their market values jump, according to the latest Home Health Index by Stoneridge Partners. The jump mirrors the boost that occurred in other indices across the economy, in a phenomenon that’s been dubbed the “Trump rally.” The […]
A False Claims Lawsuit against Addus Homecare Inc. (Nasdaq: ADUS) will move forward, a judge said on February 3. The case alleges Addus engaged in several fraud schemes involving Medicare home health care patients. Illinois-based Addus—along with Cigna Corporation, which is also named in the lawsuit—moved to dismiss the case, but the motion was rejected […]
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