Aveanna Healthcare Holdings, which provides pediatric and adult home care services, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.
Aveanna states that it is a leading, diversified home care platform focused on providing care to medically complex, high-cost patient populations. Its clinical model is led by its caregivers, primarily skilled nurses, who serve the full range of patient populations, from newborns to seniors. Over the past five years, Aveanna has expanded from 17 states to 30 states, and it currently has 245 branch locations.
The Atlanta, GA-based company was founded in 2016 and booked $1.5 billion in revenue for the 12 months ended January 2, 2021. It plans to list on the Nasdaq under the symbol AVAH. Barclays, J.P. Morgan, BMO Capital Markets, Credit Suisse, BofA Securities, Deutsche Bank, Jefferies, RBC Capital Markets and Truist Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
