Addus Homecare Corp (ADUS) News & EventsADUSAddus Homecare Corp

Addus HomeCare to Acquire AccentCare Personal Care Division for Approximately $275M

Addus HomeCare Corporation announced a definitive agreement to acquire the personal care division of AccentCare for an anticipated purchase price, after customary purchase price adjustments, of approximately $275M. The transaction relates only to AccentCare's personal care operations outside of New York and does not relate to its hospice and home health operations. The acquired operations serve an average daily census of approximately 13,700 customers through locations in a 10-state footprint. Addus expects to close the transaction following completion of regulatory approvals and subject to customary closing conditions. Addus will fund the acquisition through a combination of the Company's revolver and cash on hand. This strategic acquisition broadens Addus' personal care service line and further establishes the Company as a leading multi-state scaled, non-franchise home care platform. The acquisition significantly expands Addus' personal care service capabilities in four primary states: Texas, Illinois, California, and Arizona, while also adding operations in six additional states: Colorado, Georgia, Minnesota, Pennsylvania, Tennessee, and Washington.

Addus HomeCare Executive Change: Heather Dixon Departs

Addus HomeCare announced that Heather Dixon, President and Chief Operating Officer, is no longer with the Company. Brad Bickham, former President and Chief Operating Officer at Addus, has agreed to return as Chief Operating Officer on an interim basis, effective immediately, for a period of one year.

Company Reports Q2 Revenue of $377.4 Million

Reports Q2 revenue $377.4M, consensus $376.22M. Commenting on the results, Dirk Allison, Chairman and Chief Executive Officer, said, "We are extremely pleased with the strong financial and operational performance delivered in the second quarter of 2026. Revenues grew by 8.0%, driven by solid organic growth and disciplined execution across our service lines. Our focus on cost management, operational efficiency, and leverage reduction translated into an 11.9% improvement in adjusted EBITDA and a 25.2% increase in net income over the second quarter last year. These results reflect the continued demand for high-quality cost-effective home care services and our ability to drive profitable growth."