Home Health Care News November 5, 2024
Completing the acquisition of Gentiva’s personal care operations is still top of mind at Addus HomeCare Corp. (Nasdaq: ADUS). The $350 million transaction was first announced in June.
Addus Chairman and CEO Dirk Allison explained how he believes the deal will better position the company for the impacts of the “Ensuring Access to Medicaid Services” rule.
“We believe our personal care segment benefits from both scale and broad geographic coverage in the states where we operate,” Allison said Tuesday during the company’s third-quarter earnings call. “This is particularly true in managed Medicaid states, and as a result of the final Medicaid access rule, if and when it may be implemented, this scale and coverage allows us to spread our costs...
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