Addus HomeCare Corporation announced that it has commenced a proposed public offering of 1.5M shares of its common stock. Addus intends to use approximately $81.4M of the net proceeds it receives from this offering for the repayment of all indebtedness outstanding under its credit facility and the remainder for general corporate purposes, including the company’s previously announced acquisition of the personal care assets of Gentiva and any future acquisitions or investments. BofA Securities and Jefferies are acting as joint book-running managers for the offering.
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Read More on ADUS:
- Addus HomeCare price target raised to $128 from $119 at TD Cowen
- Addus HomeCare price target raised to $135 from $127 at BofA
- Addus Homecare Expands Footprint with Gentiva Acquisition
- Addus HomeCare management to meet virtually with Stephens
- Addus HomeCare to acquire personal care operations of Gentiva for $350M