Addus HomeCare Corp

Addus HomeCare Corporation (NASDAQ: ADUS) operates as a provider of in-home personal care, hospice, and home health services across the United States. The company website is located at http://www.addus.com. Founded in 1979, Addus has grown into a significant player in the home-based care industry, serving approximately 107,000 discrete consumers through roughly 262 offices operating in 23 states as of December 31, 2025.

The company operates three reportable business segments. Personal care services, which generated approximately 76.6% of net service revenues, provide non-medical assistance with activities of daily living including bathing, grooming, meal preparation, and medication reminders, primarily to elderly and disabled individuals at risk of hospitalization or institutionalization. The hospice segment, representing approximately 18.5% of revenues, delivers palliative care, nursing services, and bereavement counseling to terminally ill patients and their families. Home health services comprise approximately 5.0% of revenues and include skilled nursing and therapy services on a short-term or episodic basis for patients recovering from illness or injury.

Addus serves a predominantly dual-eligible population, meaning consumers qualify for both Medicare and Medicaid benefits. The company's payor mix includes federal and state government agencies, managed care organizations, commercial insurers, and private pay consumers. A significant concentration exists with the Illinois Department on Aging, which accounted for 18.1% of net service revenues in 2025. Total net service revenues reached approximately $1.42 billion for the year ended December 31, 2025, with net income of approximately $95.9 million.

The company pursues growth through both organic expansion and strategic acquisitions. Addus completed four acquisitions in 2025, including Gold Horses LLC in Texas, Helping Hands Home Care Service in Pennsylvania, Great Lakes Home Care Unlimited, and a Jacksonville affiliate. The company's growth strategy emphasizes building relationships with managed care organizations, expanding in existing markets, and pursuing acquisitions in fiscally well-managed states with favorable demographics. Addus positions itself as a larger, more experienced partner capable of providing sophisticated technology integration and coordinated care models that appeal to payors seeking to manage costs while improving consumer outcomes.