Deal Details
Follow-on Offering
Summary
Baird served as co-manager on this offering
About
Addus HomeCare Corporation (“Addus” or the “Company”) (NASDAQ-GS: ADUS) recently completed an underwritten public offering of 2,300,000 shares of its common stock at a public offering price of $79.50 per share, which includes the exercise in full by the underwriters of their option to purchase an additional 300,000 shares of common stock. The gross proceeds to the Company from the offering, before deducting underwriting discounts and estimated offering expenses, are $182.9 million.Addus is a provider of comprehensive home care services that include, primarily, 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 currently provides home care services to approximately 41,000 consumers through 165 locations across 24 states. Addus is headquartered in Frisco, Texas.
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- Date
- September 2019
- Company
- Addus HomeCare Corporation
- Transaction
- M&A
- Sectors
- Healthcare
- Target Geography
- North America
- Acquiror Geography
- North America
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