Addus HomeCare Corp

Addus provides home care services, operating since 1979, through three main segments: personal care, hospice, and home health. The company delivers services primarily in consumers' homes under agreements with federal, state, and local government agencies, managed care organizations, commercial insurers, and private individuals. Most consumers are "dual eligible," meaning they qualify for both Medicare and Medicaid benefits. As of December 31, 2025, Addus operated in 23 states through approximately 262 offices, serving about 107,000 distinct consumers during the year ended December 31, 2025. The company focuses on organic growth and acquisitions, expanding within existing states and adding clinical care services. As of December 31, 2025, Addus provides all three care levels—personal care, home health, and hospice services—in Ohio, Tennessee, Illinois, and New Mexico, and is pursuing other markets. For the year ended December 31, 2025, total net service revenue by segment was $1,089,215 thousand for personal care, $262,542 thousand for hospice, and $70,773 thousand for home health, totaling $1,422,530 thousand. Net income was $95,910 thousand, and total assets were $1,437,308 thousand as of December 31, 2025. The company's in-home care model aims to reduce healthcare costs by delaying or eliminating the need for more expensive facility-based care and by facilitating early intervention through caregiver observations.