Core Viewpoint - Aveanna Healthcare Holdings Inc. announced a secondary offering of 10,000,000 shares at a price of $9.00 per share, with selling stockholders receiving all net proceeds from the offering [1] Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 1,500,000 shares [1] - The offering is expected to settle on October 23, 2025, subject to customary closing conditions [1] - Jefferies and J.P. Morgan are acting as joint lead book-running managers, with several other firms participating as bookrunners [2] Group 2: Company Overview - Aveanna Healthcare is a diversified home care platform providing services to medically complex, high-cost patient populations across 38 states [5] - The company offers a range of healthcare services including nursing, rehabilitation, therapy, and case management, aimed at providing high-quality, lower-cost alternatives to prolonged hospitalization [5]

Core Viewpoint - Aveanna Healthcare Holdings Inc. has announced a secondary offering of 10,000,000 shares of its common stock by certain selling stockholders affiliated with J.H. Whitney Equity Partners VII, LLC, with an additional option for underwriters to purchase up to 1,500,000 shares [1] Group 1: Offering Details - The selling stockholders will receive all net proceeds from the offering, while the company will not offer any shares or receive any proceeds from the sale [1] - Jefferies LLC and J.P. Morgan Securities LLC are acting as joint lead book-running managers for the offering, with Barclays and RBC Capital Markets as bookrunners [2] Group 2: Company Overview - Aveanna Healthcare is headquartered in Atlanta, Georgia, and operates in 38 states, providing a wide range of healthcare services including nursing, rehabilitation, therapy, and home health services [5] - The company focuses on serving medically complex and high-cost patient populations, offering case management and respite healthcare services to assist families and patients [5]

Core Insights - Aveanna Healthcare Holdings Inc. announced preliminary financial results for the three-month period ended September 27, 2025, indicating significant growth in revenue and net income [1][8]. Financial Performance - Expected revenue for the period is approximately $616 million to $624 million, reflecting a year-over-year growth of about 21.0% to 22.6% [8]. - Net income is projected to be between $11 million and $15 million, representing a substantial increase of approximately 125.7% to 135.0% compared to the same period last year [8]. - Adjusted EBITDA is anticipated to be around $77 million to $81 million, indicating growth of approximately 61.0% to 69.3% year-over-year [8]. Non-GAAP Financial Measures - The company utilizes Adjusted EBITDA as a key performance metric, which is defined as EBITDA adjusted for non-recurring, infrequent, non-cash, or unusual items [6][7]. - The reconciliation of net income to EBITDA and Adjusted EBITDA for the period shows total adjustments amounting to approximately $28.4 million to $32.45 million [12]. Company Overview - Aveanna Healthcare operates a diversified home care platform, providing a range of healthcare services across 38 states, including nursing, rehabilitation, and therapy services [19]. - The company focuses on delivering care to medically complex and high-cost patient populations, aiming to offer a high-quality, lower-cost alternative to prolonged hospitalization [19].

Core Viewpoint - Aveanna Healthcare Holdings Inc. is set to release its third quarter results on November 6, 2025, before market opening, followed by a conference call at 10:00 a.m. Eastern Time [1] Group 1: Conference Call Details - The conference call can be accessed live via phone at 1-877-407-0789 for domestic callers and 1-201-689-8562 for international callers [2] - A replay of the conference call will be available three hours after the call, accessible at 1-844-512-2921 for domestic and 1-412-317-6671 for international callers, with a passcode of 13755427 [2] - The replay will be available until November 13, 2025 [2] Group 2: Webcast Information - Interested parties can also listen to a simultaneous webcast of the conference call through the Investor Relations section of the company's website [3] - The online replay of the webcast will be available for one week following the call [3] Group 3: Company Overview - Aveanna Healthcare is headquartered in Atlanta, Georgia, and operates in 38 states, providing a wide range of pediatric and adult healthcare services [4] - Services include nursing, rehabilitation, occupational nursing in schools, therapy services, day treatment centers, home health and hospice services, and delivery of enteral nutrition [4] - The company also offers case management services to coordinate care among insurers, physicians, hospitals, and other healthcare providers, as well as respite healthcare services for caregivers [4]

Core Points - Aveanna Healthcare Holdings Inc. will participate in the Deutsche Bank Annual Leveraged Finance Conference on October 15, 2025, in Austin, TX, and will host one-on-one investor meetings that day [1] Company Overview - Aveanna Healthcare is headquartered in Atlanta, Georgia, and operates in 38 states, offering a wide range of pediatric and adult healthcare services, including nursing, rehabilitation, occupational nursing in schools, therapy services, day treatment centers for medically fragile and chronically ill patients, home health and hospice services, and delivery of enteral nutrition [2] - The company provides case management services to assist families and patients in coordinating services among insurers, physicians, hospitals, and other healthcare providers [2] - Aveanna also offers respite healthcare services, which are temporary care services provided to relieve the patient's normal caregiver, aiming to provide high-quality, lower-cost alternatives to prolonged hospitalization [2]

Core Insights - Aveanna Healthcare Holdings Inc. has successfully closed a refinancing of its first lien credit facility, which includes refinancing $886.0 million in existing loans and an additional $439.0 million in incremental loans, increasing the revolving credit facility from $170.3 million to $250.0 million [1][2] - The maturity dates for the combined $1.325 billion first lien term loans have been extended to 2032, while the revolving credit facility's maturity has been extended to 2030 [1] - The incremental loans were utilized to fully repay existing second lien term loans amounting to $415.0 million, leading to the termination of the second lien term loan facility [2] Company Performance - The refinancing is viewed as a significant milestone in the company's ongoing momentum, enhancing liquidity and strengthening the balance sheet [3] - The Chief Financial Officer highlighted that the refinancing reflects the strong operating performance and the confidence of financing partners in the company's business [3] - The CEO emphasized the successful refinancing as a testament to the operating performance and the value of the national home care platform [3] Company Overview - Aveanna Healthcare is based in Atlanta, Georgia, and operates in 38 states, offering a wide range of pediatric and adult healthcare services, including nursing, rehabilitation, and therapy services [4] - The company provides case management services to assist families and patients in coordinating care among various healthcare providers [4] - Aveanna also offers respite healthcare services, which provide temporary relief for normal caregivers, aiming to deliver high-quality, lower-cost alternatives to prolonged hospitalization [4]

Company Overview - Aveanna Healthcare Holdings Inc. is headquartered in Atlanta, Georgia and operates in 38 states, providing a wide range of pediatric and adult healthcare services [2] - Services include nursing, rehabilitation, occupational nursing in schools, therapy services, day treatment centers for medically fragile and chronically ill patients, home health and hospice services, and delivery of enteral nutrition [2] - The company also offers case management services to coordinate care among insurers, physicians, hospitals, and other healthcare providers, as well as respite healthcare services for temporary caregiver relief [2] Upcoming Events - The management team of Aveanna will attend the Deutsche Bank Healthcare Summit in New York on September 10, 2025, and will host one-on-one investor meetings on that day [1]

Core Insights - Aveanna Healthcare Holdings Inc. reported strong financial results for Q2 2025, with revenue growth of 16.8% and adjusted EBITDA growth of 93.6% compared to the same period last year [2][9] - The company is focused on providing high-quality home care services and has made strategic acquisitions to enhance its service offerings and market presence [2][3] Financial Performance - For the three-month period ended June 28, 2025, revenue was $589.6 million, up from $505.0 million for the same period in 2024, representing an increase of $84.6 million or 16.8% [3] - Gross margin for the same period was $210.8 million, or 35.8% of revenue, compared to $158.3 million, or 31.3% of revenue, for the prior year, marking an increase of $52.5 million or 33.2% [4] - Net income for Q2 2025 was $27.0 million, a 94.3% increase from $13.9 million in Q2 2024, with net income per diluted share rising to $0.13 from $0.07 [5][9] - Adjusted EBITDA for Q2 2025 was $88.4 million, or 15.0% of revenue, compared to $45.6 million, or 9.0% of revenue, for the same period in 2024, reflecting a 93.6% increase [6] Segment Performance - The PDS segment saw a revenue increase of $78.2 million, while the HHH segment revenue increased by $5.5 million, and the MS segment revenue rose by $1.0 million compared to Q2 2024 [3] - For the six-month period ended June 28, 2025, total revenue was $1,148.8 million, up from $995.6 million in the same period of 2024, an increase of $153.2 million or 15.4% [7] - Gross margin for the six-month period was $394.4 million, or 34.3% of revenue, compared to $304.1 million, or 30.5% of revenue, for the prior year, an increase of $90.2 million or 29.7% [8] Guidance and Future Outlook - The company has raised its full-year 2025 revenue guidance to greater than $2.3 billion, up from greater than $2.15 billion, and adjusted EBITDA guidance to greater than $270 million, updated from greater than $207 million [9][14] - The acquisition of Thrive Skilled Pediatric Care is highlighted as a strategic move to expand capabilities and scale in pediatric services [2][13] Cash Flow and Liquidity - As of June 28, 2025, the company had cash of $100.7 million and incremental borrowing capacity of $106.3 million under its securitization facility [16] - Net cash provided by operating activities for 2025 was $42.9 million, with free cash flow reported at $36.9 million [16][33]

Company Announcement - Aveanna Healthcare Holdings Inc. will release its second quarter results before the market opens on August 7, 2025 [1] - A conference call will follow at 10:00 a.m. (Eastern Time) on the same day [1] Conference Call Details - The conference call can be accessed by dialing 1-877-407-0789 for domestic callers and 1-201-689-8562 for international callers [2] - A replay of the call will be available three hours after it concludes, accessible at 1-844-512-2921 for domestic and 1-412-317-6671 for international callers, with a passcode of 13754011 [2] - The replay will be available until August 14, 2025 [2] Webcast Information - Interested parties can listen to a simultaneous webcast of the conference call via the Investor Relations section of the company's website [3] - The online replay will be available for one week following the call [3] Company Overview - Aveanna Healthcare is headquartered in Atlanta, Georgia, and operates in 36 states, providing a wide range of pediatric and adult healthcare services [4] - Services include nursing, rehabilitation, occupational nursing in schools, therapy services, day treatment centers, home health and hospice services, and delivery of enteral nutrition [4] - The company also offers case management services to coordinate care among insurers, physicians, hospitals, and other providers, as well as respite healthcare services for caregivers [4] - The services aim to provide high-quality, lower-cost alternatives to prolonged hospitalization [4]

Core Viewpoint - Aveanna Healthcare Holdings Inc. has completed the acquisition of Thrive Skilled Pediatric Care, enhancing its position in the pediatric home care market and expanding its service offerings into new states [1][2][3]. Company Overview - Aveanna Healthcare is a diversified home care platform providing services to medically complex, high-cost patient populations, with a presence in 36 states [7]. - The company offers a wide range of healthcare services, including nursing, rehabilitation, therapy, and case management, aimed at providing high-quality, lower-cost alternatives to prolonged hospitalization [7]. Acquisition Details - Thrive SPC is one of the largest independent providers of pediatric home care, operating 23 locations across seven states [2]. - The acquisition is expected to create significant growth opportunities for Aveanna, reinforcing its commitment to clinical excellence and compassionate care [3]. - The deal was financed through a combination of common stock and cash [3]. Strategic Implications - The integration of Thrive SPC is anticipated to enhance Aveanna's existing footprint and introduce its specialized care model into two new states [2][3]. - The acquisition aligns with Aveanna's strategic mission to lead in delivering high-quality care while providing value and clinical innovation to payors and stakeholders [3]. Advisory and Legal Support - Edge Healthcare Partners acted as the financial advisor for Aveanna, while Cantor Fitzgerald & Co. served as the financial advisor for Thrive SPC [4]. - Legal counsel for Aveanna was provided by Bass, Berry & Sims, and Ropes & Gray LLP represented Thrive SPC [4].