Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) has priced a secondary offering of 15 million shares of common stock at $11.75 per share, raising approximately $176.25 million in gross proceeds.
The offering is being conducted by certain selling stockholders, including affiliates of J.H. Whitney Equity Partners VII, LLC, as well as current and former directors and officers of the company. Aveanna Healthcare itself is not issuing or selling any shares and will not receive any proceeds from the transaction.
RBC Capital Markets is serving as the sole book-running manager for the offering, which includes a 30-day option for the underwriter to purchase up to an additional 2.25 million shares. The deal is expected to settle on August 24, 2026, subject to customary closing conditions.
The company, headquartered in Atlanta, operates in 39 states, providing pediatric and adult healthcare services primarily in home settings. Its services include nursing, hospice, rehabilitation, occupational nursing in schools, therapy, and day treatment center operations. The offering follows a shelf registration statement on Form S-3, which has been filed with and declared effective by the U.S. Securities and Exchange Commission.
