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Stock Market & Financial Investment News

News Breaks
February 7, 2013
07:09 EDTADUSAddus HomeCare agrees to sell Home Health division to LHC Group fr $20M
Addus HomeCare announced that it has entered into a definitive agreement to sell substantially all of the assets of its home health division to LHC Group. Addus previously announced that it was exploring strategic alternatives for this division. The sale encompasses 19 home health agencies and two hospice agencies in five states. The purchase price for the transaction is $20M in cash. The business represents approximately $36.7M in annual revenues for the twelve month period ended September 30, 2012. The transaction is expected to close on or about February 28.
News For ADUS From The Last 14 Days
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February 9, 2016
12:15 EDTADUSAddus HomeCare served with 'whistleblower' suit over referrals
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February 8, 2016
07:05 EDTADUSAddus HomeCare closes acquisition of South Shore Home Health Services
Addus HomeCare announced that it has closed the previously announced acquisition of South Shore Home Health Services, a New York state-licensed home care services agency primarily providing personal care services. South Shore, headquartered on Long Island, currently serves Suffolk, Nassau, Queens and Westchester counties. Addus expects that the acquisition of South Shore, which produced revenues for 2015 of approximately $52M, will be accretive to the Company's 2016 financial results.

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