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

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.

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.

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.

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.

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.

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.