Category: Aveanna Healthcare
Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) has maintained a disciplined approach to raising wages since it went public. Its gross margins are driven by the difference between the hourly rate it’s paid and the wage it pays its caregivers, like many other home-based care providers. And a company policy has ensured it has kept its […]
Strong reimbursement rates for Aveanna’s services in nearly half the states the company operates in have been a welcome change so far this year for the company. Its turnover and retention rates have also been in line with company projections, despite ongoing labor issues. “Although we continue to face near-term caregiver supply constraints like many […]
Thanks to a new law passed in Arizona, a major player in the home health space announced this week that it will help train and pay family members who are taking care of their loved ones at home. Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) announced Tuesday that it will participate in Arizona’s Family Licensed Health […]
The caregivers at Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) and the drivers at Uber (NYSE: UBER) have something in common. Specifically, Aveanna has set up its app to give its private-duty caregivers more autonomy over their work schedule. “While they’re all employees of Aveanna, they sometimes look and feel more like an independent contractor,” Tony […]
Earlier this week, a report surfaced claiming that Advent International, Aveanna Healthcare Holdings (Nasdaq: AVAH) and at least a few other companies have “expressed interest” in acquiring Enhabit Home Health & Hospice, the $1.1 billion business currently belonging to Encompass Health Corporation (NYSE: EHC). Executives from the Birmingham, Alabama-based Encompass Health have repeatedly stood behind […]
Months of speculation finally ended in January when Encompass Health Corporation (NYSE: EHC) announced its home health and hospice segment would spin off as Enhabit Home Health & Hospice and become its own publicly traded company. Or so it seemed. At the end of February, Encompass Health opened the “sale or merger” door again, one […]
Aveanna Healthcare Holdings (Nasdaq: AVAH) has been bullish on its plans to expand into a leading provider of senior home health services since it went public in April. Prior to its IPO, the company had been more of a pediatric provider, but it has aggressively acquired new assets since, realizing the vision it laid out […]
The home health market is made up of about 9,900 home health agencies, with businesses ranging in size, service mix and structure. The publicly traded home health companies, in particular, offer a snapshot of the industry in the present – and often a sneak peek at what’s to come. While the names of the publicly […]
The COVID-19 pandemic continued to dominate headlines in 2021, despite the collective desire for it to be gone by this past summer. But it didn’t stop massive dealmaking, which made M&A just as big of a story in home-based care as the virus. Thus, those two topics took up a lot of the Home Health […]
Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) has completed its acquisition of Comfort Care, an adult home health and hospice company with operations in Alabama and Tennessee. The $345 million deal included $55 million in estimated net tax benefits. Comfort Care is expected to be fully integrated into Aveanna during 2022, with the majority of the […]
It has never been more challenging to be a home health operator. At the same time, there has never been more upside. That’s the general census of home health executives as 2021 comes to a close. Looking ahead to next year, many believe unprecedented labor struggles are likely to continue, though technology and the use […]
This article is an exclusive feature available as a part of your subscription to HHCN + Basically all of the publicly traded in-home care giants offered internal updates and expectations for the coming year this week during a series of investor presentations. In addition to company-specific plans, the group discussed key policy developments and important […]
When Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) became a public company earlier this year, it expressed the desire to expand its reach past pediatric home health to seniors. While there were some skeptics within the industry on how feasible that would be, the Atlanta-based company has done an impressive job executing on that strategy thus […]
Home health operators each year have to adapt on a number of different fronts, from relatively minor coding updates to major payment adjustments. But in addition to the more run-of-the-mill items, providers occasionally have to navigate macro-level forces that literally change the industry itself. At least four such forces will redefine home health care in […]
Not so long ago, in-home care providers like Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) had to basically beg their payers for rate increases or additional resources. “In the old days, we would literally be calling the payer’s rep, you know, begging for another $2 an hour to get a family home,” Aveanna COO Jeff Shaner […]
Aveanna Healthcare (Nasdaq: AVAH) has agreed to acquire Comfort Care Home Health for $345 million, according to financial filings. The Atlanta-based Aveanna went public through a $100 million IPO earlier this year. While it filed an 8-K on Oct. 1 for the deal, a press release has not yet been issued. Sign up for HHCN […]
When the U.S. Centers for Medicare & Medicaid Services (CMS) first released its home health proposed payment rule for 2022, its nationwide expansion of the Home Health Value-Based Purchasing (HHVBP) Model was recognized as a potential game-changer for the home health industry. While HHVBP has been heralded for its ability to improve quality of care […]
The home health industry is at a pivotal moment, with operators weighing exciting new opportunities while simultaneously working through emerging challenges related to the COVID-19 virus. Amedisys Inc. (Nasdaq: AMED), LHC Group Inc. (Nasdaq: LHCG), Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) and other publicly traded providers discussed many of the industry’s biggest developments during their […]
In the wake of going public in the spring, the leadership team at Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) has been especially vocal about its appetite for major growth. The company’s leaders echoed this sentiment, highlighting a focus on home health in particular, during its Q2 2021 earnings call on Thursday. “Home health and hospice […]
Rod Windley and Tony Strange have been in business with each other for decades. They continue to be partners today as the chairman and CEO, respectively, of Aveanna Healthcare (Nasdaq: AVAH). From The Healthfield Group Inc. and Gentiva Health Services, Kindred at Home’s predecessor, to Aveanna, Windley and Strange have helped build a handful of […]
In-home care tailwinds have only grown stronger during the COVID-19 crisis. That, in turn, is prompting the home health industry itself to change. Initially, much of that change has come in the form of more M&A action and investment, especially from private equity interests. Eventually, though, it will also likely manifest in more activity in […]
Fresh off of its market debut last month, Aveanna Healthcare Holdings, Inc. (Nasdaq: AVAH) is throwing its weight behind home health. Since going public, the company has made moves to position itself as a major player within the home health space. Aveanna plans to aggressively pursue home health M&A opportunities, Rod Windley, executive chairman of […]
The COVID-19 pandemic delayed the ambitious plans of most home health providers. Now nearly halfway into 2021, many are picking up right where they left off, with a few key players doubling down on innovation and betting big on the future of home-based care. There are plenty “home health providers to watch” as the rest […]
Aveanna Healthcare Holdings Inc. — a large and rapidly growing in-home care company that historically has specialized in caring for complex pediatric patients — is attempting to go public. The Atlanta-based home health provider announced plans to raise $100 million in an initial public stock offering on Thursday. In its paperwork, Aveanna also revealed an […]