Aveanna Healthcare

What Aveanna Healthcare does

Aveanna Healthcare Holdings (NASDAQ: AVAH) is a publicly traded home healthcare services company headquartered in Atlanta, Georgia, operating in 39 states and serving more than 50,000 patients with a workforce of 10,000+ employees. The company delivers pediatric and adult private duty nursing, home health and hospice, pediatric therapy, school nursing, medical solutions (enteral nutrition and supplies), and specialized programs including the CHAP-certified Aveanna Heartways heart failure program. Service delivery is anchored in direct in-home care by clinical staff, supported by an electronic visit verification system, point-of-care technology, and care management infrastructure, with referral-driven enterprise sales to healthcare systems, managed care organizations, and government payers including Medicare, Medicaid, and TRICARE.

Aveanna's revenue is generated primarily through reimbursable clinical services paid by Medicare, Medicaid, private insurance, TRICARE, and private pay arrangements, with an additional revenue stream from the sale and delivery of enteral nutrition products and medical supplies. Distribution is conducted through company-owned clinical locations across 39 states, and growth is pursued through a hybrid of organic volume expansion via preferred payer agreements (22 in total, with 10 new in Q1 2026) and tuck-in M&A in states where national preferred payers have requested additional business. Recent acquisitions include Thrive Skilled Pediatric Care (23 locations, closed June 2025) and Family First Homecare (27 locations, closed June 2026 for $175.5 million).

Financially, Aveanna reported FY2025 revenue of $2.43 billion (+20.2% YoY), Q1 2026 revenue of $647.9 million (+15.9% YoY), Q1 2026 Adjusted EBITDA of $84.4 million (+25.2% YoY), and net income of $41.7 million in Q1 2026 versus $5.2 million in the prior-year period. FY2026 guidance was raised to $2.63-$2.65 billion in revenue and $338-$342 million in Adjusted EBITDA following the Family First acquisition. The company has materially deleveraged from over 11x at the end of 2022 to under 3.8x at the end of Q1 2026, earning a Moody's credit rating upgrade from B3 to B2 and a 50 basis point credit facility repricing, supporting continued investment in growth.

Name

Aveanna Healthcare

Legal name

Aveanna Healthcare, LLC

Website

https://aveanna.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Aveanna Healthcare (NASDAQ: AVAH) is a publicly traded home healthcare provider operating in 39 states, delivering pediatric and adult private duty nursing, home health and hospice, pediatric therapy, and medical solutions to more than 50,000 patients, reimbursed primarily through Medicare, Medicaid, TRICARE, and private insurance.

Ownership category

akta.pro rank

Product category

Home Healthcare Services

NAICS

Home Health Care Services (621610), Services for the Elderly and Persons with Disabilities (624120)

SIC

Services-Home Health Care Services (8082)

akta.pro primary industry

Pediatric Skilled Home Health (Home Nursing & Therapy) (HLADAFAC)

akta.pro secondary industries

Medicare-Certified Skilled Nursing Visits (RN/LPN) (HSABACAA), Personal Care & ADL Assistance (bathing, dressing, toileting, mobility) (HLADAGAA), In-Home Medication Administration (Nurse-Delivered) (HSABALAF)

Keywords

• Home healthcare services
• Pediatric private duty nursing
• Hospice and palliative care
• Medical equipment solutions
• Adult home health

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Home Healthcare Services Revenue: Aveanna generates revenue primarily through providing home healthcare services including private duty nursing, home health, hospice, and medical solutions. Revenue is generated through Medicare, Medicaid, private insurance reimbursement, and private pay arrangements. The company reported Q1 2026 revenue of $647.9 million and full-year 2026 guidance of $2.63-$2.65 billion.
2. Medical Solutions (Enteral Nutrition & Supplies): Sale and delivery of enteral nutrition formulas, feeding pumps, and medical supplies to patients. Provides more than 200 nutritional formulas along with supplies and feeding pumps delivered to patients' front door.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Aveanna Healthcare delivers in-home clinical and personal care services across the full continuum of pediatric and adult care, including private duty nursing, intermittent skilled home health, hospice, palliative care, school nursing, and personal care/companionship. The company also supplies durable medical equipment and enteral nutrition products through its Medical Solutions segment. Service delivery is supported by a national branch network, CHAP-accredited clinical programs, and electronic visit verification technology.

Product overview

Aveanna Healthcare is a diversified home healthcare services company offering a comprehensive portfolio of coordinated care services for pediatric and adult patients. The company operates three core service lines: Private Duty Services (pediatric and adult skilled nursing), Home Health & Hospice Care, and Medical Solutions (enteral nutrition and supplies). These are supported by specialized programs including Pediatric Therapy (physical, occupational, and speech therapy), School Nursing, Educational Services, and the Aveanna Heartways program for heart failure patients. The company also offers targeted services for military families through TRICARE programs and the Family CNA Program in Colorado. Aveanna's services are delivered across 39 states through a network of agency locations, with care provided in patients' homes, schools, and community settings.

Differentiator

Problem solved

Functional benefit

Brands

• Aveanna Heartways™: CHAP-certified program supporting individuals living with heart failure through skilled clinical care, practical tools, and personalized education. Includes both home health and hospice components for heart disease patients.

Products and services

• Private Duty Services

Quantifiable outcome

• Q1 2026 revenue of $647.9 million, up 15.9% year-over-year
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Edge Healthcare PartnersminorImplementation/ SI/ Consulting Partner · 12 March 2026Served as Aveanna's financial advisor for the Family First Homecare acquisition transaction.
• Bass, Berry & SimsminorImplementation/ SI/ Consulting Partner · 12 March 2026Served as legal advisor to Aveanna Healthcare for the Family First Homecare acquisition.
• BairdminorImplementation/ SI/ Consulting Partner · 12 March 2026Served as financial advisor to Family First Homecare for the acquisition by Aveanna.
• J.P. Morgan SecuritiesminorImplementation/ SI/ Consulting Partner · 12 March 2026Served as financial advisor to Family First Homecare for the acquisition by Aveanna.
• Greenberg TraurigminorImplementation/ SI/ Consulting Partner · 12 March 2026Served as legal advisor to Family First Homecare for the acquisition by Aveanna.
• TRICARE (Defense Health Agency)coreStrategic or Co-development PartnerAveanna works closely with ECHO Case Management team throughout the country to provide private duty nursing services for TRICARE beneficiaries, including families in the Exceptional Family Member Program (EFMP) and Extended Care Health Option (ECHO) program.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BAYADA Home Health Care: Large private-duty home health provider with deep pediatric and adult skilled nursing focus — the closest direct competitor to Aveanna in medically complex pediatric care and adult private duty nursing.
• Maxim Healthcare Services: National home healthcare staffing and private duty nursing provider serving medically fragile pediatric and adult patients, competing head-to-head with Aveanna in skilled nursing services.
• Pennant Group: Public home health, hospice, and senior living operator with comparable operating model across multiple states, providing a direct read on home health/hospice economics.
• Enhabit Inc. Pure-play home health and hospice provider spun off from Encompass Health, competing in Medicare-certified skilled nursing, therapy, and hospice services across dozens of states.
• Addus HomeCare: Public personal care, home health, and hospice provider serving elderly and disabled populations, overlapping with Aveanna's adult private duty and personal care segments.
• Help at Home: Leading personal care services provider focused on Medicaid-funded in-home care for the elderly and disabled, directly overlapping with Aveanna's adult personal care and ADL assistance offerings.

Broad incumbents

• BrightSpring Health Services: Diversified home and community-based health services platform including home health, hospice, pharmacy, and behavioral health — broader portfolio than Aveanna but overlapping in core home-based care delivery.
• Encompass Health: Largest owner and operator of inpatient rehabilitation hospitals; legacy home health/hospice business spun off as Enhabit, but remains a reference point for healthcare services scale and capital allocation discipline.
• Chemed Corporation (VITAS Healthcare): Holds VITAS Healthcare, the largest U.S. hospice provider; directly comparable hospice economics and Medicare reimbursement exposure to Aveanna's hospice segment.

Emerging players

• Option Care Health: Largest independent provider of home and alternate-site infusion services — adjacent model of complex in-home clinical care delivery with similar payer mix and clinical labor dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/officialAveannaHealthcare
• Xx.com/aveannacareers
• LinkedInlinkedin.com/company/aveanna-healthcare

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aveanna Healthcare