Recent Updates — ADUS
Addus HomeCare Corporation announced a definitive agreement to acquire the personal care division of AccentCare, Inc., excluding operations in New York, for approximately $275 million in cash. The transaction adds an average daily census of roughly 13,700 customers across ten states and is expected to contribute approximately $280 million in annualized revenue, representing a 19% increase to Addus' revenue base. Closing is subject to regulatory approvals, including Hart-Scott-Rodino waiting period expiration, and customary conditions, with funding provided via the company's revolver and cash on hand. The acquisition significantly expands Addus' personal care footprint in Texas, Illinois, California, and Arizona, while also entering Colorado, Georgia, Minnesota, Pennsylvania, Tennessee, and Washington. Addus HomeCare Corporation is a provider of home care services that primarily include personal care services assisting with activities of daily living, as well as hospice and home health services.
Addus HomeCare Corporation announced that Heather Dixon departed as President and Chief Operating Officer on August 7, 2026. The company appointed W. Bradley Bickham as interim COO effective immediately for a one-year term ending July 31, 2027. Mr. Bickham receives an annualized base salary of $622,000 and fixed bonuses under his employment agreement. Addus HomeCare operates in the home care services industry, providing personal care, hospice, and home health services to elderly, chronically ill, and disabled consumers.
Addus HomeCare Corporation reported financial results for the fiscal quarter ended June 30, 2026. Net service revenues increased 8.0% year-over-year to $377.4 million, while net income rose to $27.6 million, or $1.49 per diluted share, compared to $22.1 million in the prior-year period. Adjusted EBITDA grew 11.9% to $49.2 million, and adjusted net income per diluted share increased 16.1% to $1.73. The company reported cash flow from operations of $40.0 million for the quarter. Addus HomeCare operates in the home care services industry, providing personal care, hospice, and home health services.