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Addus HomeCare prices IPO at $10.00, below the range

October 28, 2009

Addus HomeCare, which provides home-based personal care, skilled nursing and rehabilitative therapies, raised $54 million by offering 5.4 million shares at $10.00, below its expected $11.00 to $13.00 range. The 5.4 million shares was slighly above its expected 5.0 million share offering. Addus HomeCare plans to list on the NASDAQ under the symbol ADUS. Robert Baird, Oppenheimer & Co. acted as lead managers on the deal.