Addus HomeCare's 4Q revenues up 9 percent
Palatine-based HomeCare Corp., a provider of home-based social and medical services, reported fourth quarter revenues increased 9.4 percent as demand in the home health care industry remained strong.
Net service revenues for the fourth quarter of 2012 were $63.8 million, up from $58.3 million in the prior year quarter, the company said in a release. Net income, including discontinued operations, was $3.7 million, a 50 percent increase over the prior year quarter. Net income from continuing operations was $3.5 million, or $0.33 per diluted share, up 20.2 percent compared to prior year quarter. Continuing operations includes the results of operations previously included in the Home & Community segment and three agencies previously included in the Home Health segment.
"Our Home & Community segment continued to demonstrate positive growth during the fourth quarter and we are pleased with the sale of our Home Health business," said Mark Heaney, Addus HomeCare president and CEO,
For the year 2012, the company said net service revenues from continuing operations were $244.3 million, a 6.2 percent increase compared to $230.1 million for 2011. Net income for 2012, including discontinued operations, was $7.6 million, compared to a reported loss in 2011 of $2 million. Net income from continuing operations was $9.3 million, 10.4 percent increase over the prior year.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close