and quarter Good morning Officer; me call. With our Bickham, third Officer. are earnings and joining our Thank XXXX Chief Operating you, Brian thank Financial Poff, Brad Chief for today for our us you Dru.
the third will quarter comments begin detail. usual, and results some will then more overall I in discuss Brian As
our any to be we respond comments would to Following happy questions.
the of in that many the and environment future ever. ability our I'm created to great As Addus's their challenges I you opportunity team to pandemic In over already eight COVID industry know the is the and are a months have optimism and dedicated execute as demonstrated members the there HomeCare meet proud my has it of of these with challenges upon about especially leaders to strategy. as difficult our spite mission team past remain and until our operationally solution continue of to virus. the expect
consumers continue provide an quality We safety. to to care added focus and patients with on
to to continue generate through and reported performance third We including quarter both most continue have and acquisition, the we recently operating results. strong organically XXXX business
solid Addus our operating you announced As in financial of we third results with yesterday, continued quarter the performance XXXX. the saw
of during the compared $XXX XXXX quarter revenue for the a of from impact on earnings up despite was Our million the per Adjusted for of quarter quarter. our increase third XXXX $X.XX quarter third third the share $X.XX, COVID-XX for to was diluted $XXX latest of XX.X%. for XXXX, million the quarter revenues as an third
of Our compared as for of million million XXXX the third adjusted the $XX.X an XXXX, third was EBITDA for to quarter increase quarter $XX.X XX.X%.
Our quarter. second the adjusted increased with EBITDA margin the for sequentially XX.X% consistent quarter to
with to the rate. adversely of be XXXX COVID-XX During by decline our pre-COVID XXXX, approximately $X quarter of continue a million pandemic impacted third the run from our revenues
patients. New still degrees to limiting of and occurred where hinders the in New new three the of case which facilities year. number hospice our York this see but in ability varying This operation market personal was reduction in Mexico our quarter business, we our our As access, particularly our all segments second work in a with care
run recent X% the revenues cases X% negatively our will of by occurring across to continue as markets, approximately fourth our result be increase quarter affected number to a pre-pandemic a we our approximately market. York rate. the cash in was COVID $XX compared this in estimate quarter $XXX to of strong flow As our over our at is to XX, The million. New cash third reduction Operating occurring million, majority September in of increasing balance XXXX
diligent of sure making Addus cash a many have states eight manner. received as pandemic months, the our During last providers timely in such the of that have in been
partners states even have to these payments committed MCO providers, remained virus. We ensuring to and are prompt the of to this who grateful to with our challenges
passed year. to of in effective rate to X, the city for. A of approval, already Chicago offset year rate included will fiscal Chicago this XXXX, wage XXXX city city's wage was The which discussed, $XX minimum Budget statewide January XXXX, to adjustment $X previously has State July X, of subject As minimum cover which the May to raised in increase the state by Illinois applied the effective be this on increase is the hour. federal we per increase
Our results of increase $XXX,XXX. wage recent an quarter for include approximately our this due costs most unreimbursed increase to the in
of with is payments by X.X% update an affected York of a pertaining the effect York March reduction and with Health reduction. was New after The on one-third which that X, reduction Department board York across XXXX through April negative state January January State would XXXX effective which I certain reduced quarter X%, this results reimbursement the eliminate this our this State non see to X, by you Approximately our similar immediately XXXX the New April effective X, directly will effective effect. the in rate year. increase temporary additional New XX budget of all business be We fourth announced Medicaid developments for want XXXX. uniformly was of also should the to exempt
also to discussions the begin rates service see to their started During quarter we providers. MCO certain third XXXX, on of Medicaid payers
changes. care managed immaterial rates maintaining our been has with Our team Partners MCO our only at successful with
the the value community York with to and rate and home New work our state to help future of State any based services. mitigate We leaders Association of continue educate reductions
One budgets. the state next couple this of virus challenges our potential on be years could the of over of effects
revenues, has the pandemic months relieved general impact been originally this as and tax not much reduced the last population. about as COVID federal has states Although to eight the expected due over state
an which of federal are In receiving as Medicaid duration currently additional part through match of CARES goes continue addition, XXXX. the X.X% will emergency, through states of first which the the the health Act, quarter currently
recognized. having Our patients significantly facility a we in home-based challenging long-term care the state's safer cost believe environments, effective than is our today's in leadership of care which and
XXXX, our it's stated revenue end the issues of rate growth lower few last we lower have the of expectation, higher the New same-store quarter, For experienced at quarters. New the the in time. our personal our rate growth than York This growth we store is care growth but X, quarter see first our of our third slightly York. XXXX acquisition of was same is VIP in became mostly This June third on driven In calculation completed part Healthcare by Services for X.X%.
with census care of about York caregivers in the market struggle approximately XX% what VIP and impact virus. for growth year, the to continue of same-store acquisition, Our remains Exclusive first X.X%. this below personal New families quarter our have the as been the would we saw
Midwest new wave in modest also we experiencing states, York, the saw our New to of virus. addition in volumes a reductions Southeast and which In now are
have a week, of of two in hours billable are what largest pandemic. very our Illinois seen markets, we New are slightly we the and encouraged recovery However, now to average ahead which saw beginning just that running prior of Mexico per the
segment January X, basis, a Illinois on to the quarters. rate growth sequential personal numbers, upcoming the wide caregivers over hold on same-store care On solid X.X% see we in company personal contributed census. to see in care improvement increase we our a an in increase With continue few to next patients in continue our which same-store reduction should overall hiring and our in
same-store X.X%, our For our the X.X% facility to discussed. as XXXX, revenue saw hospice quarter third issues Mexico census access due we year-over-year, New program in decreased hospice continuing decreased just our daily primarily average of
our continued skilled settings, team nursing need facilities, limits identifying who facilities has patients facility With new access the and assisted on working encountered as in with hospice such based and to challenges sales living services.
primarily growth in base. non-facility due same-store our referral admission did an However, X%, hospice experience increase we sequential of to
referrals Our last to increase our under year, to Home Medicare X.X% improved but be while X% continues basis, reduction service an sequential non PDGM. compared year-over-year, of Medicare were revenue in decreased a adversely impacted Health by approximately on basis XX.X% our our a XXX patient for by institutional fee revenue early Home our approximately up and same-store points Health in volumes mix,
XXX number, and volume basis this recover is mix admission increased in Medicare our late admissions which on to did of currently of our sequential Our Medicare patient a QX approximately year running basis. slightly has points ahead begin pre-COVID
creating maintaining welcome this to members to state of closed expands the county We're team announced about I on and all HomeMakers completion strategy of X, and Pennsylvania. Addus. of the excited our new care very on and November service in we HomeMakers, provider where we acquisition a geographic care with coverage the This strong is our of in of states personal state across personal the As lined from want operate. acquisition we transaction the services the counting
of an part at As you strategy remain our and acquisitions know Addus. most have of growth been important
to take occur. opportunities capital allows acquisition maintained We us strong they strategically have a structure, which advantage as of
the short early are took as identifying of we closing pause in While pursuing acquisitions phase additional reengaged the now segments. look operating three during and COVID the of at new opportunities fully each we acquisitions our in a process of pandemic, from we
are during strong. believe continue Our And next can remains while months. few that acquisition we being and we acquisitions additional we close pipeline position appropriately liquidity cautious, the to
had we grown have Texas. space four past we our corporate outgrown over that company our found the we Frisco, in years, As
a focus just first XXXX COVID the larger prior space our to headquarters. quarter allow negotiated needed We XXXX, we office our quarter for became the our that being our the XXXX, needed the corporate support with in additional of to to lease fourth old apparent this onset In on we conservative we to in office expenses, that space personnel growth. it increase finalize of near virus. of the While we
third quarter old we location. our headquarters of new into XXXX, left moved the During and our
are still While this we working move. about remotely, we excited mainly are
This move us office our of grow gives own support ability next team in did our to the require few write the current corporate the years. to continue terms as the remaining we us to lease broader quarter. off over new Our
team back mission the a months, staff I past wonderful a I'm our job support over to proud extraordinary living during eight look times. see of caregivers of and As done have
commitment in to in COVID-XX especially the with their healthcare spite the segments continuing virus. Our serve All of patients thank to their team patients in has our risks of Addus patient putting of the needs associated our team consumers caregivers first. the willing all I been homes to care. for appreciation and deserve want all for our
value our this I to want the to Brian, Before turn team remind of service. our over I of
these the a call the mission over COVID consumers world, home for to care. individuals patients. and virus for needed country, them while need we as still safe virus, While challenge of to as much continue keep is let be our from and With serving Each our to the at values providing Brian. can we to turn or live our cared need that, while or the me well
