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Addus: A $1.4B Home-Care Roll-Up Riding Medicaid's Tightrope

ADUSResearch reportPosted by Goglides ResearchMay 14, 2026
NASDAQADUSCoverage BootstrapHome Care

Thesis summary

Addus has profitable scale in home-based care, but the investment case turns on a narrow spread between reimbursement, wages, Illinois concentration, and acquisition discipline.

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Addus has profitable scale in home-based care, but the investment case turns on a narrow spread between reimbursement, wages, Illinois concentration, and acquisition discipline.

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