Profile: Addus Homecare Corp (ADUS.O)

ADUS.O on Nasdaq

21.92USD
17 Apr 2014
Price Change (% chg)

$0.92 (+4.38%)
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$21.00
Open
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Volume
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$32.40
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Addus HomeCare Corporation, incorporated on July 27, 2006, is a provider of home and community based services, which are primarily social in nature and are provided in the home, focused on the dual eligible population. Its services include personal care and assistance with activities of daily living, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, commercial insurers and private individuals. The Company provides home and community based services through over 96 locations across 19 states to over 25,000 consumers. Effective March 1, 2013, the Company sold its Home Health business to LHC Group, Inc. Effective as of December 1, 2013, the Company announced that it has completed the acquisition of substantially all of the assets of Coordinated Home Health Care, LLC and certain of its subsidiaries.

The home and community based services are primarily social in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living. It provides these services on a long-term, continuous basis, with an average duration of approximately 17 months per consumer. Its adult day centers provide a comprehensive program of skilled and support services and designated medical services for adults in a community-based group setting. Services provided by its adult day centers include social activities, transportation services to and from the centers, the provision of meals and snacks, personal care and therapeutic activities such as exercise and cognitive interaction.

Personal care and home support services are provided to consumers who are unable to independently perform some or all of their activities of daily living. The Company's services are needed when assistance from family or community members is insufficient or where caregiver respites is needed. Personal care services include bathing, grooming, mouth care, skin care, assistance with feeding and dressing and medication reminders. Home support services include meal planning and preparation, housekeeping and transportation services. Many consumers need, such services on a long-term basis to address chronic or acute conditions. The Company provides home & community services on a long-term, continuous basis, with an average duration of approximately 20 months per consumer.

The Company also operates five adult day centers in Illinois which provide a program of skilled and support services and designated health services for adults in a community-based group setting. Services provided by the Company's adult day centers include social activities, transportation services to and from the centers, the provision of meals and snacks, personal care and therapeutic activities such as exercise and cognitive interaction.

Company Address

Addus Homecare Corp

2401 SOUTH PLUM GROVE ROAD
PALATINE   IL   60067
P: +1847.3035300
F: +1302.6365454

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