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Category: Addus HomeCare Corporation

  • Addus Steadfast on Growing Home Health Segment, Hit Hard By Labor Pressures

    Addus HomeCare Corporation (Nasdaq: ADUS) is the latest publicly traded home-based care company to disclose just how hard it was hit by workforce-related issues during the Omicron surge. LHC Group Inc. (Nasdaq: LHCG) executives revealed Thursday that cost constraints due to labor issues cost the company approximately 2,500 admissions and a loss of $13.8 million […]

  • ‘Layer Upon Layer of Regulation’: Breaking Down the CMS Vaccination Mandate

    Since the Centers for Medicare & Medicaid Services (CMS) released its interim emergency regulation relating to the federal government’s vaccine mandate last Thursday, more clarity has come to the surface. Specifically, CMS has made clear what health care providers are included, what individuals can be exempt and how the mandate will be enforced. Sign up […]

  • Addus Prioritizing Staff Vaccinations with CMS, OSHA Mandates Looming

    In terms of financial results, Addus HomeCare Corporation (Nasdaq: ADUS) is coming off a record third quarter. The Frisco, Texas-based home health, hospice and personal care services provider has plenty of challenges ahead, however, including the difficult labor landscape that’s about to become even more complex thanks to federal COVID-19 vaccination rules. Somewhat diminished M&A […]

  • Addus Doubles Credit Facility to $600M, Maintains Focus on Home Health Expansion

    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 to Acquire Home Health, Hospice Provider Armada for $29M

    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, […]

  • FirstLight Announces New President; Humana Home Care Leader Named CFO

    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 […]

  • Disrupt Podcast #45: Darby Anderson of Addus HomeCare Corporation

    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 Funding Starts to Trickle Down to States, HCBS Programs

    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 […]

  • 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 […]

  • 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, […]