Addus HomeCare Corp

SPECIAL CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

When included in this Annual Report on Form 10-K, or in other documents that we file with the Securities and Exchange Commission (“SEC”) or in statements made by or on behalf of the Company, words like “believes,” “belief,” “expects,” “plans,” “anticipates,” “intends,” “projects,” “estimates,” “may,” “might,” “would,” “should,” and similar expressions are intended to be forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of our management based on information currently available to management. Such forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to:

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The impact of macroeconomic conditions, including significant global inflation and elevated interest rates, legislative developments, trade disruptions and the potential adverse effects of current geopolitical conditions;

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business disruptions due to natural disasters, acts of terrorism, pandemics, riots, civil insurrection or social unrest, looting, protests, strikes or street demonstrations;

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changes in operational and reimbursement processes and payment structures at the state or federal levels;

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changes in Medicaid, Medicare, other government program and managed care organizations policies and payment rates, and the timeliness of reimbursements received under government programs;

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changes in, or our failure to comply with, existing federal and state laws or regulations, or our failure to comply with new government laws or regulations on a timely basis;

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competition in the healthcare industry;

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the geographical concentration of our operations;

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changes in the case mix of consumers and payment methodologies;

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operational changes resulting from the assumption by managed care organizations of responsibility for managing and paying for our services to consumers;

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the nature and success of future financial and/or delivery system reforms;

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changes in estimates and judgments associated with critical accounting policies;

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our ability to maintain or establish new referral sources;

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our ability to renew significant agreements or groups of agreements;

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our ability to attract and retain qualified personnel;

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federal, state and city minimum wage pressure, including any failure of any governmental entity to enact a minimum wage offset and/or the timing of any such enactment;

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changes in payments and covered services due to the overall economic conditions and deficit reduction measures by federal and state governments, and our expectations regarding these changes;

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cost containment initiatives undertaken by federal and state governmental and other third-party payors;

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our ability to access financing through the capital and credit markets;

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our ability to meet debt service requirements and comply with covenants in debt agreements;

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our ability to integrate and manage our information systems;

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the potential impact of security breaches, cyber-attacks, loss of data, or cybersecurity threats or incidents, and any actual or perceived failures to comply with legal requirements related to the privacy of confidential consumer data and other sensitive information;

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the size and growth of the markets for our services, including our expectations regarding the markets for our services;

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eligibility standards and limits on services imposed by state governmental agencies;

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the potential for litigation, audits and investigations;

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discretionary determinations by government officials;

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our ability to successfully implement our business model to grow our business;

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our ability to continue identifying, pursuing, consummating and integrating acquisition opportunities and expand into new geographic markets;

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the impact of acquisitions and dispositions on our business, including the potential inability to realize the benefits of potential acquisitions;

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the effectiveness, quality and cost of our services;

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changes in tax rates; and

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various other matters, many of which are beyond our control.

Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on any forward-looking statement as a prediction of future events. We expressly disclaim any obligation or undertaking, and we do not intend to release publicly any updates or changes in our expectations concerning the forward-looking statements or any changes in events, conditions or circumstances upon which any forward-looking statement may be based, except as required by law. For a discussion of some of the factors discussed above as well as additional factors, see Part I, Item 1A—“Risk Factors” and Part II, Item 7—”Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates.”

Unless otherwise provided, “Addus,” “we,” “us,” “our,” and the “Company” refer to Addus HomeCare Corporation and our consolidated subsidiaries and “Holdings” refers to Addus HomeCare Corporation. When we refer to 2023, 2022 and 2021, we mean the twelve-month period then ended December 31, unless otherwise provided.

A copy of this Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the SEC, including all exhibits, is available on our internet website at http://www.addus.com on the “Investors” page link. Information contained on, or accessible through, our website is not a part of, and is not incorporated by reference into, this Annual Report on Form 10-K.