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Co-manager

Addus HomeCare Corporation

$124 Million 08/15/2018 Healthcare Services Complete
Public Companies
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Transaction Details

  • On August 15, 2018, Addus HomeCare Corporation (“Addus” or the “Company”) announced the pricing of an underwritten public offering of 2,100,000 shares of its common stock at a price to the public of $59.00 per share
  • The Company also granted the underwriters a 30-day option to purchase up to an additional 315,000 primary shares of ADUS common stock
  • The offering consisted of 51% primary shares, with Addus offering 1,075,267 shares and selling shareholders offering 1,024,733 shares
  • The selling shareholders were funds associated with Eos Management, L.P.
  • Addus intends to use net proceeds from its sale of primary shares for general corporate purposes, including to fund potential future acquisitions
  • Stephens Inc. served as Co-Manager on the offering

About the company

Addus HomeCare Corporation (Nasdaq: ADUS) is a provider of 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’ 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 39,000 consumers through 157 locations across 25 states.

Sources: Company filings.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    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/1468328/000119312518247291/d593890d424b7.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.