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

ADDUS HOMECARE ANNOUNCES SECOND-QUARTER 2020 FINANCIAL RESULTS

Revenues Increase 23.9% to $184.6 million

Net Income Increases 30.5% to $6.9 Million, or $0.43 per Diluted Share,

and Adjusted Diluted Earnings per Share of $0.73

Adjusted EBITDA Increases 49.9% to $18.7 Million

Personal Care Services Same Store Revenue Increases 9.7%

Company Completes Re-Audit and Files 2019 Form 10-K,

Q1 2020 Form 10-Q and Q2 2020 Form 10-Q

Frisco, Texas (August 10, 2020) Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced its

financial results for the second quarter and six months ended June 30, 2020.

Net service revenues were $184.6 million for the second quarter of

2020, up 23.9% from $148.9 million for the second quarter of 2019. Net income was $6.9 million, up 30.5% compared with $5.3 million for the second quarter of 2019, while net income per diluted share was $0.43, compared with $0.39 per

diluted share for the prior-year period. Adjusted net income per diluted share grew 35.2% to $0.73 for the second quarter of 2020 from $0.54 for the second quarter of 2019.

Adjusted net income per diluted share for the second quarter of 2020 excludes loss on sale of assets of $0.02,

COVID-19 expenses of $0.01, M&A expenses of $0.09, restructuring and other costs of $0.12, which consisted primarily of costs associated with the Company s

re-audit process, and stock-based compensation expense of $0.06. Adjusted net income per diluted share for the second quarter of 2019 excludes M&A expenses of $0.04, restructuring and other costs of $0.02,

and stock-based compensation expense of $0.09. Adjusted EBITDA increased 49.9% to $18.7 million for the second quarter of 2020 from $12.5 million for the second quarter of 2019. (See page 9 for a reconciliation of all non-GAAP and GAAP financial measures in this news release.)

For the first six months of 2020, net service revenues

increased 30.4% to $374.8 million from $287.4 million for the prior-year period. Net income increased 62.3% to $15.6 million for the first six months of 2020 compared with $9.6 million for the same period in 2019, and net income

per diluted share was $0.98 compared with $0.71 per diluted share. Adjusted net income increased 77.3% to $24.0 million for the first six months of 2020 compared with $13.5 million for the prior-year period, while adjusted net income per

diluted share grew 52.0% to $1.52 from $1.00. Adjusted EBITDA increased 61.8% to $36.4 million for the first six months of 2020 from $22.5 million for the first six months of 2019.

ADUS Announces Second Quarter 2020 Financial Results

Dirk Allison, President and Chief Executive Officer, commented, We are proud of our solid financial and

operating results for the second quarter, reflecting continued growth in a challenging environment. Our personal care services, which accounted for 84.7% of our revenue, were up 13.7% over the same period last year, including 9.7% same store growth,

as most of our large markets experienced favorable revenue trends in the second quarter. We also benefitted from the Illinois rate increases for home care services that were effective July 1, 2019, with a further increase beginning

January 1, 2020. As our country has experienced the ongoing and significant impact of the COVID-19 pandemic, Addus has continued to provide the critical and essential home care services that allow

individuals to remain in their homes and avoid the potential risks found in external settings and institutional healthcare environments. We commend the dedicated and heroic efforts of our caregivers and of all healthcare workers, who have worked

tirelessly to meet this critical need.

At June 30, 2020, the Company had cash of $158.6 million and bank debt of $60.0 million,

while availability under its revolving credit facility was $223.5 million. Net cash provided in operating activities was $30.4 million for the second quarter of 2020.

Mr. Allison continued, Our top priority is to protect the health and safety of the patients and customers we serve and our caregivers and other

employees. Our strong value proposition, including hospice and home care services, is more relevant than ever in this environment, and we believe we are taking deliberate and effective measures across our operations to meet the increasing demand for

our services in a safe manner. Our senior leadership team continues to address the impact of the COVID-19 pandemic on the Company s operations, and we are pleased with our ability to quickly respond to

the challenges we are facing. While much is still unknown, we remain focused on expanding our market presence and enhancing our home care services offering as we reach more consumers and create value for our shareholders.

In keeping with this focus, we completed the acquisition of Montana-based A Plus Health Care, Inc. on July 1, 2020, and we are pleased to welcome

that experienced management team and clinical staff to the Addus family. We will continue to pursue acquisition opportunities and have the financial capacity to execute this strategy, although we are approaching the consummation of any acquisition

in the current environment with appropriate caution and diligence, added Allison.

Relief Funds, SEC Filings and Nasdaq Updates

As previously announced, the Company is not participating in the financial relief programs available under the CARES Act and the PPPHCE Act. Under these

programs, the Company automatically received a portion of the $175 billion in funding to be distributed to health care providers through the Relief Fund, but the Company has returned all funds.

The Company also confirmed it has filed its Annual Report on Form 10-K for the year ended December 31, 2019, and

its Form 10-Qs for each of the three-month periods ending March 31, 2020, and June 30, 2020, respectively, with the Securities and Exchange Commission ( SEC ) following completion of its

previously announced re-audit of the Company s financial statements for 2017 and 2018 by PricewaterhouseCoopers. As expected, the re-audit did not result in any

material corrections to the Company s historical financial statements.

As previously announced, Addus HomeCare received correspondence from Nasdaq

on May 14, 2020, notifying the Company that it was not currently in compliance with Nasdaq Listing Rule 5250(c)(1), as a result of not filing the Form 10-Q for the three month period ending March 31,

2020, and of the ongoing delay in filing the Form 10-K. Pursuant to Nasdaq rules, Addus HomeCare s securities have remained listed on the Nasdaq Global Select Market during a grace period until

September 14, 2020, to regain compliance with the Nasdaq continued listing requirements. With the completion of the SEC filings, Addus HomeCare anticipates being able to now regain compliance.

ADUS Announces Second Quarter 2020 Financial Results

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.

Addus will host a conference call on Tuesday, August 11, 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 7940638. A telephonic replay of the conference call will be available through midnight on August 25, 2020, by dialing (855) 859-2056 (international dial-in

number is (404) 537-3406) and entering pass code 7940638.

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 of the conference call will also be available on the Company s website for one month, beginning approximately two

hours following the conclusion of the live broadcast.

ADUS Announces Second Quarter 2020 Financial Results

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 March 18, 2019, and Quarterly Report on Form 10-Q filed with the Securities and Exchange

Commission on November 9, 2019, which are 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).

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 42,000 consumers through 185 locations across 25 states. For more information, please visit www.addus.com.

ADUS Announces Second 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 Second Quarter 2020 Financial Results

ADDUS HOMECARE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Amounts in thousands)

ADUS Announces Second Quarter 2020 Financial Results