Business
Aveanna Healthcare Holdings Completes Acquisition of Thrive Skilled Pediatric Care
ATLANTA, June 04, 2025 (GLOBE NEWSWIRE) -- Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH), a leading, diversified home care platform focused on providing
About this update from Aveanna Healthcare Holdings Inc.
[{"type":"text","content":"ATLANTA, June 04, 2025 (GLOBE NEWSWIRE) -- Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH), a leading, diversified home care platform focused on providing care to medically complex, high-cost patient populations, today announced that it completed its acquisition of Thrive Skilled Pediatric Care, LLC (\"Thrive SPC\"). Thrive SPC is one of the largest independent providers of pediatric home care with 23 locations in seven states including Arizona, Georgia, Kansas, New Mexico, North Carolina, Virginia, and Texas. Thrive SPC primarily provides skilled Private Duty Nursing services, but also provides Pediatric Therapy, Licensed Health Aide Services, and Certified Nurse Assistant Services. The combination with Thrive SPC creates an enhanced footprint in existing states while also introducing Aveanna’s specialized care model into two new states. “The addition of Thrive Skilled Pediatric Care to Aveanna creates a tremendous growth opportunity for the combined company” said Jeff Shaner, Chief Executive Officer of Aveanna. “Thrive SPC is an exceptional company with a perfect geographical fit for us, and together we share a true commitment to clinical excellence and compassionate care. The addition of Thrive SPC reinforces our strategic mission of remaining the leader in delivering high-quality care while bringing unprecedented value and clinical innovation to our payors and stakeholders. We're excited to complete this transaction and officially welcome Thrive SPC to our Aveanna family.” Aveanna funded the deal with a combination of shares of common stock and cash. Edge Healthcare Partners served as financial advisor to Aveanna, and Bass, Berry & Sims provided legal counsel. Cantor Fitzgerald & Co. served as financial advisor to Thrive SPC while Ropes & Gray LLP served as Thrive SPC’s legal advisor. Forward-Looking Statements Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical facts) in this press release regarding our prospects, plans, financial position, business strategy and expected financial and operational results may constitute forward-looking statements. Forward-looking statements generally can be identified by the use of terminology such as “believe,” “expect,” “anticipat...