Buyer: Aveanna Healthcare Holdings Announces IPO
Seller: Aveanna Healthcare Holdings Announces IPO
Sector: HME, DME, Home Care Equipment, Respiratory
Aveanna Healthcare Holdings, a diversified home care platform that provides respiratory therapy products and services, has launched an initial public offering of about 38.2 million shares of its common stock at an anticipated initial public offering price of $16 to $18 per share.
The company also intends to grant the underwriters a 30-day option to purchase up to an additional 5.7 million shares of its common stock. Aveanna has applied to list its common stock on the Nasdaq under the ricker symbol AVAH.
Aveanna cares for patients and families in 25 states through a rapidly growing network of 200-plus branch offices. It offers respiratory therapy, enteral nutrition and medical supplies, as well as private-duty and home health and hospice services. The respiratory therapy products and services it provides include oxygen concentrators, CPAP devices and ventilators.
Aveanna Healthcare brings together two of the largest providers of pediatric care in the nation Epic Health Services and PSA Healthcare. As Aveanna, we have joined together to revolutionize the way pediatric healthcare is delivered, one patient at a time.Today, the Aveanna Healthcare family of companies cares for medically fragile patients in 23 states through our rapidly growing network of more than 200 branch offices. As a result of overwhelming demand for the quality of care we consistently give, Aveanna has also been providing more and more adult home care services.Aveanna Healthcare has helped set the standard for highly skilled in-home nursing services, raising the level of clinical expertise in the home care community. Aveannas broad range of services expands beyond in-home private duty nursing care to include in-home aide services, respite care, school nurse services, therapies, and rehabilitation
The M&A market for healthcare companies continues to strengthen in 2021. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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