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Aveanna Healthcare
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Home-based medical care and caregiver support.
Aveanna Healthcare
Work Here?
Home-based medical care and caregiver support.
Overview
Aveanna Healthcare provides in-home medical and caregiver services across 33 states through a network of 300+ branch offices, serving more than 40,000 children and adults. Its offerings include a range of home-based care and support services designed to help patients stay at home rather than in facilities. The company operates by coordinating a local team of caregivers with clinical resources and training, delivering care directly to patients’ homes and leveraging technology to support the caregiver-patient relationship. It differentiates itself from competitors by emphasizing strong caregiver-patient relationships, comprehensive resources, advanced training, and a national-scale network to drive better outcomes in daily living and clinical care. Aveanna’s goal is to enable better quality of life and improved health outcomes for patients and families by delivering high-quality, compassionate homecare in the home setting.
About Aveanna Healthcare
Industries
Healthcare
Company Size
10,001+
Company Stage
IPO
Headquarters
Atlanta, Georgia
Founded
2017
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Simplify's Take
What believers are saying
- Q2 2026 revenue rose 13.7% to $670.5 million, lifting full-year guidance.
- California's 2027 budget rate hike starts January 1, 2027, expanding reimbursement.
- Preferred payer agreements reached 37, covering 64% of managed care volume.
What critics are saying
- Aveanna carried $1.48 billion debt on July 4, 2026, after Family First.
- Private-duty cost per hour rose 7.8% in Q2 2026, crushing pricing gains.
- DOJ's nurse-wages grand-jury subpoena and state Medicaid audits threaten margins and licenses.
What makes Aveanna Healthcare unique
- Aveanna runs a national, medically complex home-care platform across 33 states.
- Its private-duty nursing scale helped win California's 2027 pediatric rate increase.
- Family First Homecare adds dense pediatric markets and deepens payer leverage.
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Funding
Total Funding
$1.6B
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Paid Holidays
Paid Vacation
Paid Sick Leave
401(k) Company Match
Employee Stock Purchase Plan
Tuition Reimbursement
Commuter Benefits
Hybrid Work Options
Performance Bonus
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 2%2 year growth
↑ 2%Aveanna Healthcare reported 13.7% year-over-year revenue growth to approximately $670 million in its second quarter, with all three divisions expanding. CEO Jeffrey Shaner announced California's 2027 budget will include a paediatric private duty nursing rate increase effective 1 January 2027, concluding a four-year advocacy effort spanning all 32 of Aveanna's private duty states. The company secured seven state rate enhancements by second quarter and added three preferred payer agreements, bringing the total to 37 covering 64% of managed care volume. Adjusted EBITDA rose 8% to $95.4 million. However, private duty services revenue per hour increased only 1.7% to $44.62, whilst cost per hour jumped 7.8% to $31.74. The company raised full-year guidance to more than $2.68 billion in revenue and more than $365 million in adjusted EBITDA.
Aveanna Healthcare Holdings announced that certain selling stockholders, including affiliates of J.H. Whitney Equity Partners VII and current and former directors and officers, have commenced a secondary offering of 15 million shares of common stock. The underwriter has a 30-day option to purchase up to an additional 2.25 million shares. The selling stockholders will receive all net proceeds from the offering. Aveanna is not offering any shares and will not receive any proceeds from the sale. RBC Capital Markets will serve as the sole book-running manager for the offering. Atlanta-based Aveanna Healthcare operates in 39 states, providing paediatric and adult healthcare services primarily focused on home care, including nursing, hospice, rehabilitation, and therapy for medically complex and chronically ill patients.
Aveanna Healthcare Holdings has reported strong Q1 2026 results, with revenue reaching $647.9 million, up 15.9% year-over-year. Net income surged to $41.7 million from $5.2 million in the prior-year period, whilst Adjusted EBITDA grew 25.2% to $84.4 million. The home care services provider maintains solid liquidity with $189.3 million in cash and substantial undrawn borrowing capacity. Growth was driven across all three major business segments as the company works towards finalising its Family First Homecare acquisition. Following this momentum, Aveanna has raised its full-year 2026 guidance, expecting total revenue between $2.56 and $2.58 billion and Adjusted EBITDA of $328 to $332 million. The company's shares trade under $10 on NASDAQ.
Aveanna Healthcare reported first-quarter earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share and marking its fourth consecutive quarterly earnings surprise. The result represents a 35.85% surprise and compares to $0.10 per share a year ago. The home healthcare services provider posted revenues of $647.92 million for the quarter ended March 2026, surpassing estimates by 5.11% and up from $559.22 million in the year-ago period. This marks the third time in four quarters the company has exceeded revenue expectations. Despite the strong results, Aveanna shares have declined 17.1% year-to-date, underperforming the S&P 500's 8.8% gain. The company currently holds a Zacks Rank of 2 (Buy), suggesting expected near-term market outperformance.
Summit Partners sold 2.1 million shares of Aveanna Healthcare for an estimated $16.23 million, according to an SEC filing dated 8 May 2026. Despite the sale, Aveanna Healthcare remains the fund's fourth-largest holding at 5.23% of reportable assets under management. The sale appears to be profit-taking rather than a warning sign. Aveanna Healthcare shares rose 23% over the past year to $6.94. The company posted strong results, with full-year revenue climbing 20.2% to $2.43 billion and adjusted EBITDA surging nearly 75% to $320.9 million. Aveanna, which provides home-based healthcare services including private duty nursing and hospice care, is consolidating the fragmented market through acquisitions. Its planned $175.5 million Family First Homecare deal is expected to close this quarter.
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About Aveanna Healthcare
Industries
Healthcare
Company Size
10,001+
Company Stage
IPO
Headquarters
Atlanta, Georgia
Founded
2017
Aveanna Healthcare is Hiring for 165 Jobs on Simplify!
Find jobs on Simplify and start your career today