Addus HomeCare Corporation ADUS

Company Overview

Addus HomeCare Corporation is a publicly traded home-based healthcare services company operating primarily in the U.S. home care and hospice industries. The company provides personal care services, hospice care, and a smaller portfolio of home health services, with a focus on serving elderly, chronically ill, and disabled individuals. Its business model is heavily oriented toward services reimbursed by government programs, particularly Medicaid and Medicare, which represent the majority of its revenue base.

The company’s primary revenue drivers are Personal Care services and Hospice services, with personal care historically representing the largest share of revenue. Addus is positioned as a scaled provider in a highly fragmented market, emphasizing operational efficiency, compliance, and long-term relationships with state Medicaid programs. Founded in 1979, Addus began as a regional personal care provider and expanded nationally through organic growth and acquisitions, notably accelerating its diversification into hospice services in the late 2010s.