Aveanna Healthcare Holdings Inc
NASDAQ:AVAH
Aveanna Healthcare Holdings Inc
Aveanna Healthcare Holdings, Inc. operates as a holding company. The company is headquartered in Atlanta, Georgia and currently employs 33,000 full-time employees. The company went IPO on 2021-04-29. The Company’s operating segments includes Private Duty Services (PDS), Medical Solutions (MS) and Home Health & Hospice (HHH). The firm provides a range of pediatric and adult healthcare services, including nursing, rehabilitation services, occupational nursing in schools, therapy services, day treatment centers for medically ill children and adults, home health and hospice services, as well as delivery of enteral nutrition and other products to patients. The company also provides case management services in order to assist the family and patient by coordinating the provision of services between the insurer or other payer, the physician, the hospital, and other healthcare providers. In addition, the Company provides respite healthcare services, which are temporary care provider services provided in relief of the patient’s normal caregiver. Its services are designed to provide an alternative to prolonged hospitalization.
Aveanna Healthcare Holdings, Inc. operates as a holding company. The company is headquartered in Atlanta, Georgia and currently employs 33,000 full-time employees. The company went IPO on 2021-04-29. The Company’s operating segments includes Private Duty Services (PDS), Medical Solutions (MS) and Home Health & Hospice (HHH). The firm provides a range of pediatric and adult healthcare services, including nursing, rehabilitation services, occupational nursing in schools, therapy services, day treatment centers for medically ill children and adults, home health and hospice services, as well as delivery of enteral nutrition and other products to patients. The company also provides case management services in order to assist the family and patient by coordinating the provision of services between the insurer or other payer, the physician, the hospital, and other healthcare providers. In addition, the Company provides respite healthcare services, which are temporary care provider services provided in relief of the patient’s normal caregiver. Its services are designed to provide an alternative to prolonged hospitalization.
Revenue Growth: Aveanna reported Q3 revenue of $621.9 million, up 22.2% year-over-year, driven by strength in Private Duty Services and Home Health & Hospice.
Profit Expansion: Adjusted EBITDA for the quarter was $80.1 million, a 67.5% increase over the prior year, reflecting higher rates, volumes, and operational efficiencies.
Guidance Raised: Management raised full-year 2025 guidance, now expecting revenue above $2.375 billion and adjusted EBITDA above $300 million.
Preferred Payer Momentum: The company expanded preferred payer agreements in private duty services to 30 and saw 56% of MCO volume aligned with these payers.
Thrive Integration: Thrive Skilled Pediatrics acquisition is on track, fully integrated by year-end and contributing positively to growth.
Balance Sheet Strength: Aveanna refinanced its debt, increased revolver capacity, and ended Q3 with $479 million in liquidity.
Regulatory Headwinds: Management noted state Medicaid uncertainties and potential modest headwinds but remains confident in the business model.
