other_material
confidence high
sentiment neutral
materiality 0.30
Addus HomeCare pro forma revenue $1.41B, diluted EPS $4.06 including Gentiva acquisition
Addus HomeCare Corp
- Acquisition of Gentiva personal care business closed Dec 2, 2024 for ~$350.6M, funded by $233M revolver draw and offering proceeds.
- Pro forma combined net service revenues $1.41B for year ended Dec 31, 2024; net income $70.5M.
- Gentiva contributed ~$256M revenue (nine months ended Sep 30, 2024 plus Oct 1–Dec 1 stub).
- Pro forma adjustments: $2.6M extra D&A, $13.7M additional interest on revolver, $4.3M tax effect.
- Acquisition expanded personal care services to AZ, AR, CA, MO, NC, TX; home health added TN.
item 9.01