Underwriter
Addus HomeCare Corporation
Equity Capital Markets
Follow-On Offering
Transaction Details
- On June 26, 2024, Addus HomeCare Corporation (Nasdaq: ADUS) (“Addus” or the “Company”) announced the pricing of an underwritten public offering of 1,500,000 shares of its common stock at a public offering price of $108.00 per share
- The offering consisted of 100% primary shares offered by Addus
- Addus also granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of its common stock
- Addus intends to use the net proceeds from the offering for the repayment of all indebtedness outstanding under the credit facility and general corporate purposes, including the Company’s previously announced acquisition of the personal care assets of Gentiva and any future acquisitions or investments
About the company
Addus is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. Addus’ consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus’ payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus currently provides home care services to approximately 49,000 consumers through 214 locations across 22 states.
Sources: Company filings and press release.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following
link: https://www.sec.gov/Archives/edgar/data/1468328/000119312524169157/d702595d424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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