Addus HomeCare Comments on Budget Approval for In-Home Care Rate Increases in Illinois and Texas Markets
Addus HomeCare Corporation (ADUS)
Last addus homecare corporation earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=231191&p=irol-irhome
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Source: Business Wire
FRISCO, Texas--(BUSINESS WIRE)--Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today provided an update on recent state legislature budget approvals for in-home care rate increases in the States of Illinois and Texas, and the expected impact on the Company’s operations in these markets.On May 31, 2025, the State of Illinois finalized its fiscal 2026 budget with the inclusion of a 3.9% increase in the base hourly reimbursement rate to $30.80 per hour to sustain a minimum wage of $18.75 per hour for direct in-home care service workers. The state programs affected by this increase include the Illinois Department on Aging, Community Care Program (CCP); Illinois Department of Human Services, Home Services Program (HSP); and Illinois Department of HealthCare and Family Services, Managed Long-Term Service and Supports Program (MLTSS). The Company expects this rate increase will add approximately $17.5 million in annualized revenue for Addus, with margins con
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News
- Addus HomeCare Corporation (NASDAQ: ADUS) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $150.00 price target on the stock.MarketBeat
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- Addus HomeCare Corporation (NASDAQ: ADUS) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating.MarketBeat
- Senior Health, Home Health & Hospice Stocks Q1 Results: Benchmarking Addus HomeCare (NASDAQ:ADUS) [Yahoo! Finance]Yahoo! Finance
ADUS
Earnings
- 5/5/25 - Beat
ADUS
Sec Filings
- 6/23/25 - Form 8-K
- 6/20/25 - Form 4
- 6/20/25 - Form 4
- ADUS's page on the SEC website