Addus HomeCare Commences Proposed Public Offering Of 1.50M Shares Of Its Common Stock

Addus expects to grant the underwriters a 30-day option to purchase additional shares of its common stock in an amount of up to 225,000 shares of its common stock.

 Addus intends to use approximately $81.4 million 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. There are no selling stockholders in the offering.