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Aveanna Healthcare Holdings Inc. - AVAH STOCK NEWS

Welcome to our dedicated page for Aveanna Healthcare Holdings news (Ticker: AVAH), a resource for investors and traders seeking the latest updates and insights on Aveanna Healthcare Holdings stock.

Aveanna Healthcare Holdings Inc. (AVAH) is a leading provider of home healthcare services in the United States. Headquartered in Atlanta, Georgia, Aveanna Healthcare brings together two of the largest providers of pediatric care in the nation - Epic Health Services and PSA Healthcare. The company operates in 33 states with a rapidly growing network of over 200 branch offices. Aveanna Healthcare specializes in delivering comprehensive care to medically fragile patients, both children and adults, through its extensive range of services.

Core Services:

  • Private Duty Services (PDS): This segment includes private duty nursing (PDN) and pediatric therapy services. The company provides highly skilled in-home nursing care, raising the standard for clinical expertise in the home care community.
  • Home Health & Hospice (HHH): Aveanna offers adult home health and hospice services, providing a high-quality, lower-cost alternative to prolonged hospitalization.
  • Medical Solutions (MS): This includes the delivery of enteral nutrition and other medical products to patients, ensuring they receive necessary medical supplies conveniently at home.

In addition to these core services, Aveanna Healthcare offers in-home aide services, respite care, school nurse services, rehabilitation, occupational therapy, and case management services. The company's goal is to provide a seamless healthcare experience by coordinating care among insurers, physicians, hospitals, and other healthcare providers.

Recent Achievements: Aveanna Healthcare has consistently expanded its operations due to overwhelming demand for quality care. The company has also been increasingly offering adult home care services, responding to the growing needs of the aging population.

Partnerships and Collaborations: Aveanna works closely with insurers, hospitals, and other healthcare providers to ensure comprehensive patient care. Its case management services play a crucial role in facilitating communication and coordination among different stakeholders in the healthcare system.

Financial Condition: Aveanna Healthcare derives its revenue primarily from pediatric healthcare services, adult home health and hospice services, and medical solutions. The company continues to focus on expanding its service offerings and improving its financial performance through strategic growth initiatives.

For the latest updates on Aveanna Healthcare Holdings Inc., including performance, events, and developments, please visit their Investor Relations section.

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Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) will participate in two upcoming investor conferences. The management team will present at the Stephens Investment Conference on November 29, 2021, with a fireside chat scheduled for 1:00 p.m. Eastern Time. Following that, they will attend the BofA Securities Home Care Conference on December 7, 2021, with their fireside chat at 12:40 p.m. Eastern Time. Investors can listen to the live webcasts on the company’s Investor Relations page, with replays available shortly after each event.

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Aveanna Healthcare Holdings, Inc. (NASDAQ: AVAH) reported a strong third quarter 2021, with revenue rising 12.4% to $411.3 million and net income of $2.1 million, or $0.01 per diluted share. Adjusted EBITDA grew 14.6% to $45.8 million. The company announced acquisitions of Comfort Care and Accredited, expected to enhance their market position, with projected revenues of $97 million and $115 million, respectively. Full-year revenue guidance has been adjusted to $1.675 to $1.680 billion, lowered from $1.745 billion.

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Aveanna Healthcare Holdings (NASDAQ: AVAH) will release its third quarter results after market close on November 15, 2021. A conference call is scheduled for November 16, 2021, at 10:00 a.m. Eastern Time, accessible via phone and webcast. The company, based in Atlanta, operates in 30 states, providing services like nursing, therapy, and home health care. Aveanna aims to offer a high-quality, lower-cost alternative to prolonged hospitalization, catering to pediatric and adult patients. For further details, visit the investor relations section of Aveanna's website.

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Butterfly Network (NYSE: BFLY) has announced the appointment of Dr. Erica Schwartz to its Board of Directors and Troy Quander as Senior Vice President of Regulatory and Quality. These strategic additions aim to enhance the company’s capabilities in medical imaging and regulatory affairs. Dr. Schwartz, a former Deputy Surgeon General, brings extensive healthcare management experience, while Quander adds over 25 years of regulatory expertise. Both are expected to facilitate Butterfly's mission of democratizing medical imaging and driving innovative solutions in clinical practice.

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Aveanna Healthcare Holdings reported a 24% increase in revenue to $436.1 million for Q2 2021, driven by substantial growth in Private Duty Services and Home Health & Hospice segments.

Gross margin rose 37.5% to $146.6 million, with a net income of $1.3 million compared to a net loss of $77.6 million in Q2 2020. Adjusted EBITDA grew by 30.6% to $48.8 million.

The company reaffirmed a revenue guidance of at least $1,745 million for 2021, highlighting operational progress and successful debt refinancing.

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Aveanna Healthcare announced it will release its second quarter results on August 11, 2021, after market close, followed by a conference call on August 12, 2021, at 10:00 a.m. Eastern Time. Investors can join the call via phone or through a live webcast on the company’s website. The call will provide insights into the company's financial performance and future outlook. Aveanna operates across 30 states, offering a wide range of pediatric and adult healthcare services, aiming to provide high-quality and cost-effective alternatives to prolonged hospitalization.

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Aveanna Healthcare is set to join the Russell 2000 Index effective June 28, 2021. This inclusion follows the annual reconstitution of the Russell indexes, capturing the 4,000 largest US stocks by market capitalization. Being part of the Russell 3000 Index allows Aveanna to gain visibility as it executes growth strategies and value creation opportunities. CEO Tony Strange expressed optimism about the company's journey in public markets. Aveanna, headquartered in Atlanta, provides a range of healthcare services across 30 states, including nursing and rehabilitation.

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Aveanna Healthcare Holdings reported a 17.4% increase in revenue for Q1 2021, totaling $417.2 million, up from $355.2 million in Q1 2020. Gross margin rose 22.4% to $131.7 million, with net income at $5.8 million, or $0.04 per diluted share. Adjusted net income per diluted share was $0.08, while Adjusted EBITDA surged 46.7% to $43.7 million. The company successfully completed its IPO in May 2021, raising $432.4 million to reduce debt, enhancing its financial position.

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Aveanna Healthcare will release its Q1 2021 results after market close on May 25, 2021. A conference call to discuss these results will take place on May 26, 2021, at 10:00 a.m. ET. Investors can participate by calling 1-877-407-0789 (domestic) or 1-201-689-8562 (international). A replay of the call will be available for one week. Aveanna, based in Atlanta, is a leading provider of home care services for medically complex patients, addressing significant challenges in the U.S. healthcare system.

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Aveanna Healthcare has commenced trading on the Nasdaq Global Select Market under the ticker symbol AVAH. The company completed its initial public offering of 38,236,000 shares at a public price of $12.00 per share, with an additional option for underwriters to purchase up to 5,735,400 shares. This IPO signifies a milestone for Aveanna as it aims to enhance care for patients across the United States. The offering's joint lead managers include Barclays and J.P. Morgan among others.

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FAQ

What is the current stock price of Aveanna Healthcare Holdings (AVAH)?

The current stock price of Aveanna Healthcare Holdings (AVAH) is $4.63 as of November 5, 2024.

What is the market cap of Aveanna Healthcare Holdings (AVAH)?

The market cap of Aveanna Healthcare Holdings (AVAH) is approximately 873.4M.

What services does Aveanna Healthcare provide?

Aveanna Healthcare offers private duty nursing, pediatric therapy, adult home health and hospice, enteral nutrition delivery, in-home aide services, and more.

Where is Aveanna Healthcare headquartered?

Aveanna Healthcare is headquartered in Atlanta, Georgia.

How many states does Aveanna operate in?

Aveanna Healthcare operates in 33 states across the United States.

What is the main focus of Aveanna Healthcare's services?

Aveanna focuses on providing high-quality home healthcare services for medically fragile children and adults.

Does Aveanna Healthcare offer services for adults?

Yes, Aveanna Healthcare provides adult home health and hospice services, along with other medical solutions.

What is included in Aveanna's Private Duty Services?

Private Duty Services include private duty nursing (PDN) and pediatric therapy services.

How does Aveanna Healthcare assist in care coordination?

Aveanna offers case management services to coordinate care between insurers, physicians, hospitals, and other healthcare providers.

What recent achievements has Aveanna Healthcare made?

Aveanna has seen rapid expansion due to high demand for its quality care and has also increased its adult home care service offerings.

What role does Aveanna play in the healthcare system?

Aveanna provides a high-quality, lower-cost alternative to prolonged hospitalization through its comprehensive home healthcare services.

Where can I find the latest news about Aveanna Healthcare?

For the latest updates, visit the Investor Relations section on Aveanna's website at https://ir.aveanna.com/.

Aveanna Healthcare Holdings Inc.

Nasdaq:AVAH

AVAH Rankings

AVAH Stock Data

873.38M
193.23M
5.8%
88.29%
0.64%
Medical Care Facilities
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United States of America
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