Navigation Links
Addus HomeCare Reports Third Quarter 2010 Results
Date:11/4/2010

PALATINE, IL, Nov. 4, 2010 /PRNewswire-FirstCall/ --

Third Quarter Financial Highlights

  • Total net service revenues grew 4.5% to $69.8 million
  • Home & Community segment net service revenues increased 6.4% to $57.3 million
  • Home Health segment net service revenues decreased 3.0% to $12.5 million
  • Net income of $1.5 million, or $0.14 per diluted share

    • Addus HomeCare Corporation (Nasdaq: ADUS), a comprehensive provider of home-based social and medical services, announced today its financial results for the three and nine months ended September 30, 2010.

    Mark Heaney, President and Chief Executive Officer of Addus HomeCare, stated, “We are disappointed with our performance in the third quarter. While our largest division, Home & Community, performed well, our Home Health business was well below our expectations. However, we expect that Home Health will become a growing contributor due to the investments we’ve made.

    “We remain focused on the Company’s accounts receivable collections and continue to make progress. In addition, the CarePro acquisition is proceeding smoothly and the business is performing in line with our expectations,” Heaney added.

    Third Quarter Review

    Total net service revenues for the quarter ended September 30, 2010 were $69.8 million, a 4.5% increase compared to $66.8 million in the prior year quarter.  The acquisition of Advantage Health Systems, which we refer to as CarePro, contributed approximately $2.5 million in revenues in the third quarter.  

    Third quarter 2010 net income of $1.5 million, or $0.14 per diluted share, including $0.01 per share in acquisition related expenses, was based on 10.7 million diluted shares outstanding.  This compares to net income after preferred stock dividends of $0.9 million, or $0.40 per di
    '/>"/>

    SOURCE Addus HomeCare Corporation
    Copyright©2010 PR Newswire.
    All rights reserved

    0

    GOOD

    Page: 1 2 3 4 5 6 7 8 9 10

    Related medicine technology :

    1. American Association for Homecare Backs Bipartisan Bill to Eliminate Medicare Bidding Program for Home Medical Equipment
    2. American Association for Homecare Proposes Strong Anti-Fraud Measures in Medicare, Applauds HHS Testimony Today That Pledges to "Stop Fraud Before it Starts"
    3. Home Medical Equipment Providers and Lawmakers Discuss Cost-Effective Role of Homecare During Washington Meeting
    4. NewLife Homecare Partners With ChronoMed to Offer Customized Nutritional Program for Bleeding Disorder Community
    5. New Jersey Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People with Disabilities
    6. New York Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People With Disabilities
    7. California Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People with Disabilities Under Medicare
    8. Michigan Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People With Disabilities Under Medicare
    9. Homecare Provider Testifies on Downside of Medicare Competitive Bidding Program Before House Energy and Commerce Subcommittee
    10. Delta Health Technologies ClinicalVirtuoso™ Targets Homecare Therapists
    11. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:12/11/2013)... REDWOOD CITY, Calif. , Dec. 11, 2013 /PRNewswire/ ... specialty pharmaceutical company focused on the development and commercialization ... breakthrough pain, today announced that Richard F. Afable ... was appointed to the company,s board of directors.  Guy ... Alta Partners, resigned from the board as of December ...
    (Date:12/11/2013)... -- Questcor Pharmaceuticals, Inc. (Nasdaq: QCOR ) today announced ... dividend of $0.30 per share ($1.20 per share on an ... January 24, 2014 to shareholders of record at the close ... also announced today that it made open market purchases during ... Questcor common stock through December 10, 2013. The shares were ...
    (Date:12/11/2013)... 11, 2013  SynCardia Systems, Inc. continues to set ... SynCardia temporary Total Artificial Heart on Nov. 26, ... projects beating the 2012 record of 125 implants by ... implanted in one year. (Photo: ... setting in 2013 for SynCardia Total Artificial Heart implants ...
    Breaking Medicine Technology:AcelRx Pharmaceuticals Adds New Board Member 2AcelRx Pharmaceuticals Adds New Board Member 3Questcor Announces Quarterly Cash Dividend and Provides Update on Share Repurchase Program 2SynCardia Hits Record-Setting 150th Implant of the Total Artificial Heart in 2013 2SynCardia Hits Record-Setting 150th Implant of the Total Artificial Heart in 2013 3SynCardia Hits Record-Setting 150th Implant of the Total Artificial Heart in 2013 4
    ... Mass., Jan. 6, 2012 PLC Systems Inc. (OTC: PLCSF) ... investor conference at the Sir Francis Drake Hotel in San ... 11, 2012 at 11:30 am local time in the Windsor ... President and CEO. The presentation will be streamed ...
    ... Radient Pharmaceuticals Corporation (OTCQX:RXPC) (OTCPK:RXPC), a developer ... tests, today announced that its new advertising campaign about ... a print ad that will periodically run in ... have high circulation among national and international oncologists. ...
    Cached Medicine Technology:PLC Systems to Present at OneMedForum in San Francisco 2Radient Pharmaceuticals Announces New Advertisement for Oncology Publications 2
    (Date:12/10/2013)... PA (PRWEB) December 10, 2013 When the ... toilet, there’s a risk of the dialysis tube slipping off ... to prevent this hassle," said an inventor from Pompano Beach, ... on the rim of a toilet bowl. This prevents hassles ... and serving as an alternative to adhesive tape, it is ...
    (Date:12/10/2013)... 2013 The chances that wearing latex gloves ... wearer makes sure the skin on their hands is healthy ... by water and skin researcher Sharon Kleyne is good news ... protective gloves in the work place or who choose to ... Sharon Kleyne is Founder of Bio Logic Aqua Research, a ...
    (Date:12/10/2013)... York, NY (PRWEB) December 10, 2013 The ... health and fitness Experts Josh Bezoni and Joel Marion provides ... nutrients around. , People over age 40 can turn back ... new report on Health News Wires. The new article ... of food that are loaded with nutrients designed to support ...
    (Date:12/10/2013)... With major revenue and competitive ... plans must maximize their performance on the crucial ... some of the nation’s foremost star-ratings experts, including ... lead the latest virtual conference from industry-leading health ... New Strategies to Maximize Your Medicare Star ...
    (Date:12/10/2013)... Crawford Technologies is honoring the life ... of a holiday employee fundraiser. CrawfordTech will match all ... of their choice within the country they reside (Canada, ... Chuck was a Senior Support Analyst and Trainer with ... International . He served on the Xplor Northeast Region ...
    Breaking Medicine News(10 mins):Health News:Dry Skin a Cause of Allergy to Latex Gloves Reports Water and Skin Researcher 2Health News:Dry Skin a Cause of Allergy to Latex Gloves Reports Water and Skin Researcher 3Health News:Top 7 Anti-Aging Foods For People Over 40 Article Released By Health News Wires 2Health News:Upcoming AIS Virtual Conference to Provide Guidance on Maximizing Medicare Star Ratings 2Health News:Crawford Technologies Honoring the Life of Chuck Forman 2Health News:Crawford Technologies Honoring the Life of Chuck Forman 3
    ... pounds) is to have a fat removal surgery in Italy. ... world.// The Mexican is no longer able to move around ... , "We will hold a meeting in the coming days ... prepare the operating theater and the appropriate surgical tools," Head ...
    ... and vegetables might cause oral allergies.// ,Allergy experts ... cause oral allergy syndrome (OAS). The allergy reactions could lead ... been suggested that conditions like OAS, or pollen-food syndrome can ... ,Dr. Suzanne S. Teuber, the chairperson of the American Academy ...
    ... how an individual behaves, and this is amply evident in ... nearly 50 % of the inmates of the prison suffer ... , ,While interviewing more than 25000 inmates, the ... suffered substance abuse problems, and 25% of them were physically ...
    ... trend, once thought to be a curse of the ... countries as well.// Professor Stephen Leeder, from the university ... single most cause of death of many women, in ... birth and AIDS. ,Statistics show that ...
    ... poetic way to describe a disease that is the furthest thing ... knew, threatened him as well.// ,“It’s kind of like the ... day will come to shore on your beach,” says Galvin, 37. ... had an adequate amount of fear about.” ,His fears ...
    ... has warned that with the rise in serious injuries and ... should have to qualify for ultra endurance events such as ... trained Little Britain comedian David Walliams to swim the Channel ... death rates if approached in the wrong way. ...
    Cached Medicine News:Health News:Deadly Lung Disease Sends Patients on ‘Quest for Breath 2Health News:Deadly Lung Disease Sends Patients on ‘Quest for Breath 3Health News:All in the name of Fitness 2
    ... Prostate Stepper Template Set is the HDR ... seed implantation technique. The template set consists ... can be sutured to the patient and ... variable ultrasound Grid Face Plates. The Stepper ...
    A sterile, cost-effective solution to eliminating the risk of cross-contamination....
    ... (low profile) is specifically designed for use ... gantry. The MicroTouch LP attaches to tables ... allows the user complete freedom to move ... without loss of position of the instrument ...
    Floor stand stabilizer system...
    Medicine Products: