As US Faces Shortage Of Expensive Skilled Clinicians, Home-Based Health Service Provider Addus HomeCare Is Well-Positioned To Grow: Analyst
JMP initiated coverage on Addus HomeCare with a $150 price target. Addus shows strong growth due to personal care service demand amid clinician shortages. Recent acquisition of Gentiva's PC operations expands Addus into Texas and seven states. Addus expects 29% personal care growth in 2025 after Gentiva acquisition. Third-quarter revenue rose 7%, reaching $289.8 million compared to last year.
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