Secondary Stock OfferingsBy The Online Investor Staff, updated Tue., Aug. 14, 10:49 PM
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Slide #2. Addus HomeCare Corporatio — Secondary Offering
Addus HomeCare Corporatio (NASDAQ:ADUS)
Secondary Offering Details:
Addus HomeCare Corporation (Nasdaq: ADUS) ("Addus" or the "Company"), a provider of home care services, today announced that it has commenced a proposed public offering of 1,075,267 shares of its common stock. In addition, Eos Capital Partners III, L.P. (the "Selling Stockholder") intends to offer 1,024,733 shares. Addus expects to grant the underwriters a 30-day option to purchase up to 315,000 additional shares of its common stock at the public offering price. Addus will not receive any proceeds from the sale of the shares of common stock by the Selling Stockholder.
Addus HomeCare is a provider of personal care services. Co.'s personal care services provide assistance with activities of daily living, which including bathing, grooming, oral care, feeding and dressing, medication reminders, meal planning and preparation, and transportation services. Co.'s consumers are primarily persons who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Co.'s payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. As of Dec 31 2017, Co. provided personal care services to over 34,000 consumers in 24 states through 116 offices.
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Buy (3.33 out of 4)
(ranked higher than approx. 57% of all stocks covered)
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