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February 22, 2013
11:18 EDTADUSAddus HomeCare announces withdrawal of temporary restraining order motion
Addus HomeCare (ADUS) announced that Advantage Health Systems has withdrawn its February 19 motion for a temporary restraining order that sought to prevent Addus from closing upon the proposed sale of its home health division to LHC Group, Inc., and Advantage has informed the Court of Chancery of the State of Delaware that it will dismiss its action against Addus for breach of contract. On Tuesday, February 19, Addus issued a press release regarding the filing of this action. The company remains fully committed to consummating the contemplated sale to LHC Group, Inc. as planned on or about February 28 on the terms and subject to the conditions set forth in the Asset Purchase Agreement entered into by the parties on February 7.
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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