Among the storylines to emerge during Q1 2025 earnings calls, I was particularly interested in the divergent results that Addus HomeCare (Nasdaq: ADUS) and Modivcare (Nasdaq: MODV) posted in their personal care segments. While Addus reported a 20.3% year-over-year increase in net service revenue, which leadership directly attributed to its personal care services, Modivcare reported […]
Addus HomeCare (Nasdaq: ADUS) reported a strong start to 2025 – driven largely by its personal care segment. The company’s personal care segment accounts for 76.5% of the business and has grown through several acquisitions over the past few years. In Q1, Addus’ personal care business saw a 7.4% organic revenue increase year-over-year, which CEO […]
At Addus HomeCare Corporation (Nasdaq: ADUS), the impact of Medicaid redetermination resulted in a slowdown of new patients. “We didn’t lose a lot of patients,” Addus CEO Dirk Allison said last week at the Cowen Health Care Conference. “What we really saw was a slowdown in new patients because of states like Illinois.” Based in […]
Leaders with Addus HomeCare Corporation (Nasdaq: ADUS) are closely watching the potential changes to the Medicaid program being discussed by the new administration and Congress. Addus CEO Dirk Allison pointed out a wide variety of potential areas that have been identified to reduce federal spending on Medicaid, including per capita caps lowering of the FMAP […]
Addus HomeCare Corp. (Nasdaq: ADUS) has completed its acquisition of Gentiva’s personal care assets. The deal will significantly bolster Addus’ footprint in certain states, and also allow the company to enter other states for the first time. In a press release, Addus noted that the $350 million deal was funded through a combination of cash […]
Medicare Advantage (MA) companies have faced an unfavorable rate and regulatory environment over the last couple of years. That has given home health providers hope that MA penetration may cool off. It also has given them a bit more leverage in negotiations. Plans will see a 0.16% decrease to core payments in 2025, a second-straight […]
Completing the acquisition of Gentiva’s personal care operations is still top of mind at Addus HomeCare Corp. (Nasdaq: ADUS). The $350 million transaction was first announced in June. Addus Chairman and CEO Dirk Allison explained how he believes the deal will better position the company for the impacts of the “Ensuring Access to Medicaid Services” […]
Thanks to impactful, large-scale transactions over the last decade, the collective face of home-based care has changed forever. Traditional providers in both home health care and personal home care have merged. Payers became involved in the home-based care space like never before. Of late, retailers have too. But it’s often easy to forget how the […]
At Addus HomeCare Corp. (Nasdaq: ADUS), the more recent ability to hire caregivers has been a major tailwind. “Being able to hire caregivers has turned around what we saw for a period of time during the pandemic, which was very little volume growth, but a lot of revenue growth from increases from states because of […]
To find the most memorable home-based care executive quotes in 2023, Home Health Care News employed a strategy that is part art, part science. Ultimately, the quotes chosen resonated the most with HHCN’s staff and readers. They were prescient, controversial, telling and highly relevant to provider struggles and opportunities. They touched on the Centers for […]
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