Aveanna Healthcare Announces Major Secondary Stock Offering
Aveanna Healthcare Holdings Inc. Announces Secondary Stock Offering
Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH), a prominent player in the home care industry, has recently revealed plans for a secondary offering of common stock amounting to 10,000,000 shares. This decision comes as certain selling stockholders, associated with J.H. Whitney Equity Partners VII, LLC, aim to sell a significant portion of their investment.
Details of the Offering
The secondary offering includes an additional option for underwriters to purchase an extra 1,500,000 shares within a 30-day timeframe. It’s important to note that the selling stockholders will retain all proceeds from this transaction, while the company itself will not issue any new shares or gain revenue from this offering.
Management Involved in the Offering
Jefferies LLC and J.P. Morgan Securities LLC are facilitating this offering in their roles as joint lead book-running managers, supported by Barclays and RBC Capital Markets. Their substantial experience in capital markets emphasizes the gravity of this transaction.
Regulatory Compliance
Aveanna has ensured compliance by filing a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC), which has already been declared effective. This step reinforces their commitment to transparency, allowing potential investors access to relevant information regarding the offering and Aveanna's business structure.
About Aveanna Healthcare
Headquartered in Atlanta, Aveanna Healthcare excels in providing an extensive array of healthcare services across 38 states. They focus on both pediatric and adult populations, catering to individuals with medically complex needs. Key services include nursing, rehabilitation, occupational therapy, and hospice care. Their unique approach integrates case management to coordinate care amongst the various stakeholders involved in patient care, ensuring a seamless experience for families.
Services Provided by Aveanna
Aveanna Healthcare offers a diverse range of services designed to meet the complex needs of their patients. This includes nursing care tailored for pediatric patients, rehabilitation services, day treatment for those with chronic illnesses, and home health services. Their goal is to provide high-quality care that presents a more cost-effective alternative to prolonged hospital stays. Moreover, they offer respite care services to support families who require temporary relief from caregiving responsibilities.
Commitment to Quality Care
The company's commitment to quality is evident in their mission to deliver healthcare that enhances the lives of those they serve. By focusing on tailored solutions and personalized attention, Aveanna creates an environment where patients can thrive outside of traditional healthcare settings.
Investor Relations
For those seeking further information about the secondary offering or Aveanna’s operations, inquiries can be directed to Matt Buckhalter, Chief Financial Officer, via email at Ir@aveanna.com. The company encourages potential investors to utilize the materials provided on the SEC’s EDGAR database for comprehensive insights into their registration filings.
Frequently Asked Questions
What is the purpose of Aveanna's secondary stock offering?
The secondary stock offering primarily allows existing stockholders to sell their shares while providing the company with regulatory compliance without new share issuances.
Who is managing the offering?
The offering is being managed by Jefferies LLC and J.P. Morgan Securities LLC, along with Barclays and RBC Capital Markets serving as bookrunners.
What services does Aveanna Healthcare provide?
Aveanna provides a broad range of home health services including nursing, therapy, and respite care specifically tailored for patients with complex medical needs.
Where is Aveanna Healthcare headquartered?
The company is headquartered in Atlanta, Georgia, and operates across 38 states in the U.S.
How can investors contact Aveanna for more information?
Investors may reach out to Matt Buckhalter, CFO, via email at Ir@aveanna.com for any inquiries related to the company or its offerings.
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