Brian W. Poff Dru Anderson Executive Vice President, Chief Financial Officer Corporate Communications, Inc. Addus HomeCare Corporation (615) 324-7346 (469) 535-8200 dru.anderson@cci-ir.com investorrelations@add

ADDUS HOMECARE ANNOUNCES THIRD-QUARTER 2020 FINANCIAL RESULTS

Revenues Grow 14.8% to $194.0 Million

Net Income Increases 85.6% to $9.1 Million, or $0.57 per Diluted Share

Adjusted Earnings per Diluted Share of $0.76

Adjusted EBITDA Increases 12.2% to $19.5 Million

Completes Acquisition of County HomeMakers, Inc. in Pennsylvania

Frisco, Texas (November 2, 2020) Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced its financial

results for the third quarter and nine months ended September 30, 2020.

Net service revenues increased 14.8% for the third quarter to

$194.0 million from $169.0 million for the third quarter of 2019. Net income increased 85.6% to $9.1 million for the third quarter of 2020 from $4.9 million for the third quarter last year, while net income from continuing

operations per diluted share was $0.57 compared with $0.39 for the same period a year ago. Adjusted net income from continuing operations per diluted share was $0.76 for the third quarter of 2020 compared with $0.75 for the third quarter of 2019.

Adjusted net income for the third quarter of 2020 excludes COVID-19 adjustment of $0.02, M&A expenses of

$0.02, restructure and other costs of $0.08, which consisted primarily of the impairment of right of use assets from the Company s former corporate office space, and stock-based compensation expense of $0.07. Adjusted net income from continuing

operations per diluted share for the third quarter of 2019 excludes interest income from the State of Illinois of $0.02, the impact of a retroactive Illinois rate increase of $0.12, M&A expenses of $0.10, restructure and other costs of $0.08,

and stock-based compensation expense of $0.08. Adjusted EBITDA increased 12.2% to $19.5 million for the third quarter of 2020 from $17.4 million for the third quarter of 2019. (See page 8 for a reconciliation of all non-GAAP and GAAP financial measures in this news release.)

For the first nine months of 2020, net service revenues

increased 24.6% to $568.8 million from $456.4 million for the first nine months of 2019. Net income increased 70.2% to $24.7 million for the first nine months of 2020 from $14.5 million for the first nine months of last year,

while net income from continuing operations per diluted share increased to $1.55 from $1.10. Adjusted net income from continuing operations per diluted share grew 28.4% to $2.26 for the first nine months of 2020 from $1.76 for the same period in

Commenting on the results, Dirk Allison, President and Chief Executive Officer, said, We are pleased with our consistent profitable growth as

reflected in our third quarter financial and operating performance. This is in spite of the effects of the ongoing pandemic, as well as the short-term negative impact of the July 1, 2020, minimum wage increase in our Chicago market, which is

scheduled to be funded by a reimbursement rate increase on January 1, 2021. We experienced improving volumes during the third quarter as some COVID-19 restrictions were lifted, although our census has not

fully returned to pre-pandemic levels. With the number of COVID-19 cases currently spiking across the country, we may see an ongoing impact to our volumes, but we

believe Addus is well positioned to meet expected demand as conditions evolve and more customers return to us for safe and cost-effective care. Across our operations and service areas, we are proud of the dedicated efforts of our employees and

caregivers and all healthcare workers who have continued to provide the essential home care services that are especially vital as the COVID-19 pandemic persists.

ADUS Announces Third-Quarter 2020 Financial Results

At September 30, 2020, the Company had cash of $170.3 million and bank debt of $61.7 million,

with availability under its revolving credit facility of $219.0 million. Net cash provided by operating activities was $22.4 million for the third quarter of 2020.

Mr. Allison added, Acquisitions have continued to be an important part of our growth strategy, and we have the capital structure to allow us to

pursue acquisition opportunities as they occur. We have continued to identify new growth opportunities in all segments of our business and on November 1, 2020, we completed the acquisition of County HomeMakers, Inc., a personal care operator in

Pennsylvania, with 800 employees in 22 locations serving over 1,000 clients. County HomeMakers had annual revenues of $14.8 million in 2019, and we expect this acquisition will be immediately accretive to our 2020 financial results.

Importantly, this acquisition aligns with our strategy to expand coverage in existing states where we already have a presence, especially markets like Pennsylvania with managed Medicaid. We welcome the professional team associated with County

HomeMakers to the Addus family, and we look forward to a smooth operational integration.

Looking ahead, while we continue to face the ongoing

challenges related to the COVID-19 pandemic, we are mindful of our critical role in providing home care services that allow individuals to avoid the risks found in settings outside of their homes. Our top

priority is to protect the health and safety of the patients and customers we serve and our caregivers and other employees, and we remain steadfast in our mission. Our results to date in 2020 reflect our ability to execute our strategy through a

very challenging period, and we remain confident Addus will have continued success as a leading provider of comprehensive home care services. We look forward to the opportunities ahead to provide quality care to more individuals while delivering

value to our shareholders, Mr. Allison concluded.

Non-GAAP Financial Measures

The information provided in this release includes adjusted net income per diluted share, adjusted EBITDA and adjusted net service revenues, which are non-GAAP financial measures. The Company defines adjusted net income as net income before the net-of-tax amounts of interest income

from the State of Illinois, COVID-19 adjustments for temporary rate increases and expenses, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs and loss on the

sale of assets associated with Hospice Partners of Kansas. The Company defines adjusted EBITDA as net income before interest expense, interest income, other non-operating income,

COVID-19 adjustments for temporary rate increases and expenses, taxes, depreciation, amortization, interest income from the State of Illinois, M&A expenses, stock-based compensation expense, restructure

charges, severance and other costs and loss on the sale of assets associated with Hospice Partners of Kansas. The Company defines adjusted diluted earnings per share as earnings per share adjusted for interest income from the State of Illinois,

COVID-19 expenses, M&A expenses, stock compensation expense and restructure expense, severance and other costs and loss on the sale of assets associated with Hospice Partners of Kansas. The Company has provided, in the financial statement tables

included in this press release, a reconciliation of adjusted net income to net income, a reconciliation of adjusted EBITDA to net income and a reconciliation of adjusted diluted earnings per share to earnings per share, in each case, the most

directly comparable GAAP measure. Management believes that adjusted net income, adjusted EBITDA and adjusted diluted earnings per share are useful to investors, management and others in evaluating the Company s operating performance, to provide

investors with insight and consistency in the Company s financial reporting and to present a basis for comparison of the Company s business operations among periods, and to facilitate comparison with the results of the Company s

peers. With respect to COVID-19 expenses, the Company views these expenses as unrelated to the Company s long-term performance, since they are directly related to the sudden onset COVID-19 pandemic. With

respect to COVID-19 temporary rate increases, the Company similarly views these as unrelated to the Company s long-term performance and has adjusted for those increases, net of the amount required to be

passed through to caregivers as a condition of the increase.

ADUS Announces Third-Quarter 2020 Financial Results

Addus will host a conference call on Tuesday, November 3, 2020, beginning at 9:00 a.m. Eastern time. The toll-free

dial-in number is (877) 930-8289 (international dial-in number is (253) 336-8714), pass

code 8552728. A telephonic replay of the conference call will be available through midnight on November 17, 2020, by dialing (855) 859-2056 (international dial-in

number is (404) 537-3406) and entering pass code 8552728.

A live broadcast of Addus HomeCare s conference

call will be available under the Investor Relations section of the Company s website: www.addus.com. An online replay will also be available on the Company s website for one month, beginning approximately two hours following the

conclusion of the live broadcast.

Forward-Looking Statements

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of

1995. Such forward-looking statements may be identified by words such as preliminary, continue, expect, and similar expressions. These forward-looking statements are based on our current expectations and beliefs

concerning future developments and their potential effect on us. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking

statements, including discretionary determinations by government officials, the consummation and integration of acquisitions, anticipated transition to managed care providers, our ability to successfully execute our growth strategy, unexpected

increases in SG&A and other expenses, expected benefits and unexpected costs of acquisitions and dispositions, management plans related to dispositions, the possibility that expected benefits may not materialize as expected, the failure of the

business to perform as expected, changes in reimbursement, changes in government regulations, changes in Addus HomeCare s relationships with referral sources, increased competition for Addus HomeCare s services, changes in the

interpretation of government regulations, the uncertainty regarding the outcome of discussions with managed care organizations, changes in tax rates, the impact of adverse weather, higher than anticipated costs, lower than anticipated cost savings,

estimation inaccuracies in future revenues, margins, earnings and growth, whether any anticipated receipt of payments will materialize, the anticipated impact to our business operations, reimbursements and patient population due to the recent COVID-19 global pandemic, caused by a novel strain of the coronavirus (COVID-19), and other risks set forth in the Risk Factors section in Addus HomeCare s Annual Report

on Form 10-K filed with the Securities and Exchange Commission on August 10, 2020, which is available at www.sec.gov. The financial information described herein and the periods to which they relate

are preliminary estimates that are subject to change and finalization. There is no assurance that the final amounts and adjustments will not differ materially from the amounts described above, or that additional adjustments will not be identified,

the impact of which may be material. Addus HomeCare undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, these forward-looking statements

necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included in this press release do not

purport to be predictions of future events or circumstances and may not be realized. (Unaudited tables and notes follow).

About Addus HomeCare

Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well

as hospice and home health services. Addus HomeCare s consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus HomeCare s

payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus HomeCare currently provides home care services to approximately 44,000 consumers through 215

locations across 25 states. For more information, please visit www.addus.com.

ADUS Announces Third-Quarter 2020 Financial Results

ADDUS HOMECARE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statements of Income

(Amounts and shares in thousands, except per share data)

ADUS Announces Third-Quarter 2020 Financial Results

ADDUS HOMECARE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Amounts in thousands)

ADUS Announces Third-Quarter 2020 Financial Results

ADDUS HOMECARE CORPORATION AND SUBSIDIARIES

Net Service Revenues by Segment

(Amounts in thousands)

ADUS Announces Third-Quarter 2020 Financial Results

ADDUS HOMECARE CORPORATION AND SUBSIDIARIES

Key Statistical and Financial Data

ADUS Announces Third-Quarter 2020 Financial Results