In addition to strong financial results, Addus Homecare announced it had acquired Pennsylvania-based home care company, HEARD HANDS HEAD CARE SERVICE, during its second-quarter revenue call on Tuesday.
CEO Dirk Allison said the Helping Hands Home Care Service deal was closed on August 1st. The provider operates in three locations in western Pennsylvania, offering a variety of home services, primarily home health care and personal care, including hospice services.
“Our team is excited about the acquisition,” Allison said over the phone. “As with this latest acquisition, the development team will continue to focus on both clinical and non-clinical acquisition opportunities that increase both current state density and geographic coverage.
According to Addus, Helping Hands earns almost $17 million per year, employing more than 500 people serving around 600 patients every day.
Allison says the support has a strong market presence and reputation in the communities they serve, providing care that allows more patients to stay in their homes.
“We look forward to a smooth integration of the Pennsylvania combination operations and look forward to working with the Help Hands team to expand coverage and capabilities,” he said.
Based in Frisco, Texas, Adas offers home care services including personal care, hospice and home hygiene. The company currently serves approximately 62,000 patients and consumers through 260 locations in 23 states.
The company is also reportedly driven by the success of Gentiva's personal care operations in December 2024 and the success of strong demand for home services.
“The Personal Care segment, which accounted for 77% of our business, has been a key contributor to our growth, increasing organic revenues of 7.4% in the same store over the second quarter of last year,” Allison said. “These results were driven by support for growth in volume and increased rates in states, including Illinois, the largest state in personal care services.”
Illinois and Texas have finalized their state budget for 2026. Each includes an increase in personal care services reimbursement rates. Illinois announced a 3.9% increase on January 1, 2026. According to Chief Financial Officer Brian Poff, on January 1, 2026, annual revenues will be approximately $17.5 million and potential margins in a range of 20%.
Texas also includes a 9.9% increase in its 2026 budget, which is effective on September 1st. Poff expects this to generate around $17.7 million in annual revenue for Addus, with a margin similar to the existing Texas personal care business exceeding 20%.
Home health services accounted for just 5% of its second quarter total revenue, according to the company. While this is Addus' smallest business segment, Allison said it helps home health services act as a key clinical partner in the personal care and hospice segments, providing access to the right type and care settings when needed.
The company's hospice care division reported strong results, with organic revenue growth of over 10% compared to the same period last year. Allison has recognized successful operational changes within the department.
Overall, the company reported net service revenue of $349.4 million in the second quarter, up 21.8% from the same period last year. Net income rose to $22.1 million. Adjusted EBITDA rose 24.5% year-on-year to $43.9 million.
“We are pleased with the business trends in the first half of 2025. This continues to expand the market scope and meets the growing demand for home-based care services,” Allison said. “We are proud of the important work we are doing with a proven, scalable operating model that supports quality, caring care for more patients and families in a favorable home environment. We look forward to the Addus opportunity in 2025, focusing on delivering value to both the communities we serve and the shareholders.”
