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Stock impact report

Addus HomeCare Completes Acquisition of Personal Care Operations of Gentiva

Addus HomeCare Corporation (ADUS) 
Last addus homecare corporation earnings: 3/17 04:05 pm Check Earnings Report
Company Research Source: Business Wire
Company Adds Annualized Revenues of Approximately $280 Million in Seven States and Enters Texas as the State’s Largest Personal Care Provider FRISCO, Texas--(BUSINESS WIRE)--Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced it has completed the acquisition of the personal care operations of Gentiva, which serve over 16,000 consumers per day in a seven-state service area of Arizona, Arkansas, California, Missouri, North Carolina, Tennessee and Texas. Addus funded the acquisition through a combination of cash on hand representing a portion of the proceeds of the Company’s recent public offering of common stock and its existing revolving credit facility.Commenting on the announcement, Dirk Allison, Chairman and Chief Executive Officer of Addus, stated, “We are excited to add the personal care operations of Gentiva, which will significantly expand our market coverage in seven states, including the new markets of Texas and Missouri. Notably, we Show less Read more
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