Addus HomeCare, which provides home-based personal care, skilled nursing and rehabilitative therapies, announced terms for its IPO on Friday. The Palatine, IL-based company plans to raise $60 million by offering 5 million shares at a price range of $11.00 to $13.00. At the mid-point of the proposed range, Addus HomeCare will command a market value of $121 million. Addus HomeCare, which was founded in 1979 and booked $252 million in sales over the last 12 months, plans to list on the NASDAQ under the symbol ADUS. Robert Baird and Oppenheimer & Co. are the lead underwriters on the deal. The deal is expected to price during the week of October 26.
