ADUS - Addus HomeCare: Adding More Care

2024-06-12 05:04:41 ET

Summary

• Addus HomeCare provides personal home care services to nearly 50,000 patients across 23 states, generating over a billion in revenues.
• The company has been a solid value creator for investors, delivering on solid topline sales growth and margin gains, aided by M&A efforts.
• Addus recently made a compelling acquisition, leading to potential earnings improvement, but higher debt and a premium earnings multiple withhold me from getting upbeat.

Addus HomeCare ( ADUS ) is a name which I have not yet covered on this platform in the past. The home care service provider has been a solid value creator for investors, which cannot be said for all the players in this field. The company has seen solid topline sales growth and delivered on margin gains, with the personal home care provider embarking on a larger deal now as well....

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