Navigation Links
Addus HomeCare Corporation Prices Initial Public Offering
Date:10/27/2009

PALATINE, Ill., Oct. 27 /PRNewswire-FirstCall/ -- Addus HomeCare Corporation announced today that it has priced the initial public offering of 5,400,000 shares of its common stock at $10.00 per share. Addus shares will begin trading on October 28, 2009 on the Nasdaq Global Market under the ticker symbol "ADUS". The closing of the offering is scheduled to take place on November 2, 2009. Addus expects to receive net proceeds from the offering, after deducting the underwriting discount and estimated offering expenses, of approximately $50.2 million.

Addus has granted the underwriters a 30-day option to purchase up to an additional 810,000 shares to cover over-allotments, if any.

Robert W. Baird & Co. and Oppenheimer & Co. acted as joint book-running managers, and Stephens Inc. acted as co-manager. The shares of common stock are being offered only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting the Securities and Exchange Commission website at http://www.sec.gov. Alternatively, you may obtain a copy of the final prospectus by contacting Robert W. Baird & Co. Incorporated, 777 East Wisconsin Avenue, Milwaukee, WI 53202, or by telephone at (800) 792-2473 or Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 300 Madison Avenue, 4th Floor, New York, NY 10017, by telephone at (212) 667-8563, or via email at EquityProspectus@opco.com.

A registration statement relating to shares of the common stock of Addus has been filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy shares of common stock of Addus, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Addus

Addus is a comprehensive provider of a broad range of social and medical services in the home. Addus' services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Addus' consumers are individuals with special needs who 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, the Veterans Health Administration, commercial insurers and private individuals. Addus has over 12,000 employees that provide services through more than 120 locations across 16 states to over 23,000 consumers.

    Investor Contact:
    Carol Ruth / Amy Glynn
    The Ruth Group
    Phone:  (646) 536-7004 / 7023
    Email:  cruth@theruthgroup.com
    Email:  aglynn@theruthgroup.com

    Media Contact:
    Jason Rando
    The Ruth Group
    Phone:  (646) 536-7025
    Email:  Jrando@theruthgroup.com

SOURCE Addus HomeCare


'/>"/>
SOURCE Addus HomeCare
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Addus HomeCare Corporation Files Registration Statement
2. Homecare Recipients and Providers to Rally against Cuts in IHSS Program; Hearing on Lawsuit in Oakland Federal Court Monday
3. Medco Health Solutions, United Drug Announce U.K. Homecare Pharmacy Joint Venture Serving Patients with Chronic and Complex Health Conditions; Innovations to Improve Clinical Quality, Reduce Costs
4. American Association for Homecare Supports Crackdown on Medicare Scammers in Houston, Boston, New York, Louisiana
5. American Association for Homecare Sets the Record Straight About Recent Home Medical Equipment Issues in the News
6. Sen. Tom Daschle, Rep. Jason Altmire, Healthcare Experts Tout Homecare as Cost-Effective Solution in the Healthcare Reform Process
7. Fastrack Automates Workflow For Homecare Providers
8. Congress Must Recognize Homecare as Cost-Effective Part of Health Care Reform
9. Upstate HomeCare Expands, Adds Pharmacies
10. Sacramento Homecare Workers Pay, Healthcare Guaranteed
11. Senators Arlen Specter and John Cornyn Will Discuss Medicare Issues at American Association for Homecare Legislative Conference, June 2-3, 2009
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/2/2016)... , ... May 02, 2016 , ... “Engineering Bubbles,” an ... at the 2016 ARRS Art Forum held recently at the Annual Meeting in Los ... expression among ARRS members and Annual Meeting attendees. , “Through art ...
(Date:5/2/2016)... ... May 02, 2016 , ... Dr. Philip Shindler, dentist in Agoura ... treatments. In the past, many necessary dental treatments could require multiple appointments to complete. ... shots and extra chair time. Not only could this be inconvenient, but it could ...
(Date:5/2/2016)... ... 2016 , ... This week Omega Institute, a premier nonprofit educational retreat center ... October. Omega is offering a record 370 in-person workshops and new online learning ... widespread interest in or need for the knowledge and skills we’ve been cultivating for ...
(Date:5/2/2016)... ... May 02, 2016 , ... Visceral fat, also ... as the kidneys, liver and pancreas. If not properly addressed, visceral fat can ... in Internal Medicine, Medical Oncology and Palliative Care, warns against the dangers of ...
(Date:5/2/2016)... ... ... Pregnancy Awareness Month offers a great time to get familiar with the latest ... to have a baby, it’s best to get started before age becomes an issue,” ... & Pregnancy Organizer, written for women who plan on becoming pregnant to learn about ...
Breaking Medicine News(10 mins):
(Date:4/29/2016)... 29, 2016 Glycotope GmbH, a ... announces the appointment of Dr. Alfredo Zurlo ... an oncologist with many years clinical experience and a ... His last role was at Mologen AG where he ... Board. Previously Dr. Zurlo held various positions at F ...
(Date:4/28/2016)... 2016   Click here for supplemental information ... DPLO), the nation,s largest independent specialty pharmacy, announced ... to acquire Valley Campus Pharmacy, Inc., doing business ... specialty pharmacy that provides individualized patient care, based ... In 2015, TNH generated approximately $400 million in ...
(Date:4/28/2016)... , April 28, 2016 ... "Global Plastic Surgery Products Market 2016-2020" report ... ) , The global plastic surgery ... of 9.47% during the period 2016-2020. , ,The growing ... leading to the growth of the market. Lasers are ...
Breaking Medicine Technology: