Hospice News November 5, 2024
Addus HomeCare Corporation (Nasdaq: ADUS) may slow down on mergers and acquisitions in the near term as it absorbs Gentiva’s personal care business.
The Texas-headquartered personal care, home health and hospice provider is taking a “conservative approach” to its merger and acquisition strategies, said Addus CEO and Chairman Dirk Allison in an earnings call on Thursday. Addus has pulled back on deals while the company awaits the close of its recent purchase of Gentiva’s personal care segment, set to complete in the fourth quarter, Allison indicated.
The Gentiva acquisition propelled Addus’ census and revenue growth, Allison stated. Other growth levers include more favorable market opportunities in home health and personal care, with hospice a smaller, albeit important, part of the...
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