Aveanna stockholders launch 10 million share secondary offering

Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) announced that certain selling stockholders affiliated with J.H. Whitney Equity Partners VII, LLC have commenced a secondary offering of 10 million shares of common stock.

The selling stockholders will grant underwriters a 30-day option to purchase up to an additional 1.5 million shares. The selling stockholders will receive all net proceeds from the offering, while Aveanna will not offer any shares or receive proceeds from the sale.

Jefferies LLC and J.P. Morgan Securities LLC are serving as joint lead book-running managers for the offering. Barclays and RBC Capital Markets are acting as bookrunners.

A shelf registration statement on Form S-3 relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. The prospectus and related documents are available through the SEC's EDGAR database.

Aveanna Healthcare, headquartered in Atlanta, provides healthcare services across 38 states. The company offers pediatric and adult healthcare services including nursing, rehabilitation services, occupational nursing in schools, therapy services, and day treatment centers for medically fragile patients. Services also include home health and hospice care, enteral nutrition delivery, case management, and respite healthcare services.

The company's services are positioned as alternatives to prolonged hospitalization for medically complex, high-cost patient populations.

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