The company, commented, “Q1 revenues reflected continuing organic growth, with an increase in same-store revenue of 4.6%, within our target range of 3% to 5%. As a result of tax reform, we also benefited from a reduction in our income tax rate for the Q1. Also, clearly evident in the Q1 was the acceleration of the impact of our acquisition strategy. Our financial results for the quarter included the impact of the Options Home Care acquisition in August last year. As we previously announced, we purchased the Arcadia Home Care & Staffing business on April 1st and subsequently closed the Ambercare acquisition – announced February 28th – on May 1st. Ambercare and Arcadia produced combined 2017 revenue of over $100M and are expected to be immediately accretive to earnings. Our Q1 results and acquisition pipeline position Addus for continued growth during 2018.”
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