Stephens calls Addus HomeCare's spin-off of NY-operations a "disciplined approach"

** Brokerage Stephens says home-health firm Addus HomeCare's ADUS spin-off of its New York operations reflects a "disciplined approach"

** Company says it has agreed to sell its NY operations for up to $23 million to HCS-Girling, a privately held home-health services provider

** Proceeds from transaction will be used to reduce outstanding balance on company's revolving credit facility - ADUS

** Deal provides company "significant dry powder to pursue scaled deals in strategic markets" - Brokerage

** Including session's marginal moves, stock up ~19% YTD