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Addus HomeCare Announces Withdrawal of Temporary Restraining Order Motion

  Addus HomeCare Announces Withdrawal of Temporary Restraining Order Motion

PR Newswire

PALATINE, Ill., Feb. 22, 2013

PALATINE, Ill., Feb. 22, 2013 /PRNewswire/ -- Addus HomeCare Corporation
(Nasdaq: ADUS), a provider of home-based social and medical services focused
on the elderly dual eligible population, announced today that Advantage Health
Systems, Inc. has withdrawn its February 19, 2013 motion for a temporary
restraining order that sought to prevent Addus from closing upon the proposed
sale of its home health division to LHC Group, Inc., and Advantage has
informed the Court of Chancery of the State of Delaware that it will dismiss
its action against Addus for breach of contract. On Tuesday, February 19,
Addus issued a press release regarding the filing of this action.

The Company remains fully committed to consummating the contemplated sale to
LHC Group, Inc. as planned on or about February 28, 2013 on the terms and
subject to the conditions set forth in the Asset Purchase Agreement entered
into by the parties on February 7, 2013.

About Addus

Addus is a provider of a broad range of social and medical services in the
home. Addus' services include personal care and assistance with activities of
daily living, skilled nursing and rehabilitative therapies, and adult day
care. Addus focuses on serving the needs of the elderly dual eligible
population. Addus' consumers are individuals with special needs who are at
risk of hospitalization or institutionalization, such as the elderly,
chronically ill and disabled. Addus' payor clients include federal, state and
local governmental agencies, commercial insurers and private individuals. For
more information, please visit www.addus.com.

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
"continue," "expect," and similar expressions. 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 our expectations regarding the consummation of the
transactions contemplated by the Asset Purchase Agreement with LHC Group,
Inc. There can be no assurance that such closing will proceed as planned.
There can be no assurance, if the transaction is completed, that the potential
benefits of the sale of the home health division will be realized. Addus
HomeCare undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

Investor Contact:
 Dennis Meulemans
 Chief Financial Officer
 Phone: (847) 303-5300
 Email: DMeulemans@addus.com

SOURCE Addus HomeCare Corporation

Website: http://www.addus.com
 
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