Aveanna Healthcare Holdings, Inc. Stock Price, News & Analysis

Aveanna Healthcare Holdings (NASDAQ: AVAH) plans to release its first quarter results on May 11, 2022, after market close. The subsequent conference call is scheduled for May 12, 2022, at 10:00 a.m. (ET), where investors can access via phone or online. Aveanna, headquartered in Atlanta, operates in 33 states, providing a range of healthcare services including nursing, rehabilitation, and home health. The company aims to deliver high-quality, cost-effective care alternatives to prolonged hospitalization.

Aveanna Healthcare Holdings, Inc. (NASDAQ: AVAH) announces participation in Arizona's Family Licensed Health Aide Program. This initiative enables eligible family members to receive training and compensation for caregiving at home, addressing the critical nursing shortage. The program is approved by the Arizona State Legislature and signed by Governor Doug Ducey. Aveanna's COO emphasizes the importance of enabling families to balance caregiving and employment. This new program reflects Aveanna's commitment to improving care for medically fragile patients while easing the burden on families.

Aveanna Healthcare Holdings reported a 12.3% increase in fiscal year 2021 revenue to $1,678.6 million despite a net loss of $117.0 million, largely due to a non-cash goodwill impairment. The company achieved a 20.9% increase in Adjusted EBITDA to $184.2 million, with an improved margin. The fourth quarter saw revenue decline 1.9% to $414.1 million, pressured by the Omicron variant impacting workforce recruitment. Aveanna completed key acquisitions and anticipates 2022 revenue guidance of $1,890 to $1,920 million.

Aveanna Healthcare Holdings (NASDAQ: AVAH) announced its participation in two upcoming investor conferences. The first is the Raymond James Institutional Investors Conference on March 8, 2022, at 4:35 p.m. ET in Orlando, Florida.

Following this, the company will engage in a Fireside Chat at the Barclays Global Healthcare Conference on March 15, 2022, at 1:35 p.m. ET in Miami Beach, Florida.

Investors can access a live webcast of the presentations on Aveanna's Investor Relations page, with replays available shortly after.

Aveanna Healthcare will release its Q4 and full-year results on March 28, 2022, after market close. The following day, March 29, at 10:00 a.m. ET, a conference call will discuss these results. Interested parties can join the call by phone or via a live webcast on the company's investor relations website. The replay will be available for a week. Aveanna operates in 30 states, providing healthcare services, including nursing and therapy, aimed at offering high-quality, cost-effective alternatives to long hospital stays.

Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) announced its participation in the upcoming JP Morgan Healthcare Conference on January 12th, 2022. The management team will present at 11:15 AM Eastern Time, and interested investors can access the live webcast on the Company's Investor Relations website. The Company provides diverse healthcare services across 30 states, including nursing, rehabilitation, and home health services aimed at delivering high-quality, cost-effective alternatives to hospitalization.

Aveanna Healthcare Holdings has completed the acquisition of Comfort Care for $345 million, which is expected to enhance its adult home health and hospice operations. Comfort Care, operating primarily in Alabama and Tennessee, generates around $100 million in annual revenue. This acquisition aligns with Aveanna's strategy to strengthen its presence in demographically attractive markets. Funding for the deal was secured via a $415 million term loan, a $150 million securitization, and cash reserves. The full integration of Comfort Care is planned for 2022.

Aveanna Healthcare Holdings has completed the acquisition of Accredited Home Care for $180 million, with an additional $45 million contingent on 2021 volume targets. Accredited, a significant player in private duty services, reported $114.8 million in revenue for the past twelve months, primarily from Medicaid. The integration of Accredited is expected to occur in 2022, enhancing Aveanna's offerings in California and supporting the increasing demand for home-based care solutions.

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.