Addus HomeCare Corp

Addus HomeCare Corporation announced a definitive agreement to acquire the personal care and community care business of AccentCare, Inc. outside of New York for approximately $275 million in cash. This strategic acquisition is expected to add approximately $280 million in annualized revenue, significantly expanding Addus' personal care service capabilities in key states like Texas, Illinois, California, and Arizona, while also adding operations in six other states. The transaction is subject to customary closing conditions and regulatory approvals.

Addus HomeCare Corporation announced the departure of Heather Dixon, President and Chief Operating Officer, on August 7, 2026. Concurrently, W. Bradley Bickham was appointed as interim Chief Operating Officer, effective immediately, for a period ending July 31, 2027. Mr. Bickham, who previously served as President and COO, will receive an annualized base salary of $622,000. The company expressed gratitude to Ms. Dixon and welcomed Mr. Bickham back, citing his deep operational knowledge and proven track record.

Addus HomeCare reported strong financial results for the second quarter of 2026, with net service revenues increasing to $377.4 million and net income rising to $27.6 million. Diluted earnings per share also saw a significant increase to $1.49. The company expanded its personal care segment with the acquisition of HomeCourt Home Care for $12.2 million and demonstrated strong financial management by repaying $60.0 million of its revolving credit facility, reducing long-term debt to $61.6 million.

Addus HomeCare Corporation announced strong financial results for the second quarter ended June 30, 2026. Net service revenues increased 8.0% to $377.4 million, with adjusted net income per diluted share growing 16.1% to $1.73. Adjusted EBITDA also saw an 11.9% increase to $49.2 million. The company reported robust organic growth in its Personal Care (6.8%) and Hospice (11.1%) segments, and generated $40.0 million in cash flow from operations, maintaining a strong balance sheet for future strategic investments and acquisitions.

Addus HomeCare Corp reported strong first-quarter results for 2026, with net service revenues increasing by 7.7% to $363.6 million and net income rising by 18.1% to $25.1 million. Diluted earnings per share grew by 17.2% to $1.36. The company also reduced its revolving loan debt by $30.0 million and utilized $3.2 million in ARPA funding for caregiver support. As of March 31, 2026, the company had $547.8 million available for borrowing under its credit facility.

Addus HomeCare Corporation reported strong first-quarter 2026 financial results, with net service revenues increasing 7.7% to $363.6 million and adjusted EBITDA rising 9.7% to $44.5 million year-over-year. Net income per diluted share was $1.36, while adjusted net income per diluted share grew 14.1% to $1.62. The company also announced its entry into the Indiana market with the acquisition of HomeCourt Home Care's personal care operations, generating approximately $9.7 million in annualized revenues, and an agreement for a second Indiana acquisition.