Overview
- Aveanna closed the deal for Family First Holding, LLC for $175.5 million in cash and funded the purchase from its existing cash on hand.
- Family First is a multi-state pediatric private‑duty nursing provider with 27 locations across Florida, Illinois, Iowa, North Carolina, Pennsylvania, South Dakota, and Texas.
- Aveanna revised its full‑year 2026 guidance to revenue of $2.63–$2.65 billion and adjusted EBITDA of $338–$342 million based solely on Family First's projected $70 million revenue and $10 million adjusted EBITDA contribution.
- The company said it will not provide net income guidance because future fair‑value adjustments tied to interest‑rate swaps and caps create volatility that cannot be reasonably forecast today.
- Aveanna called the acquisition accretive and said the deal broadens its specialized home‑care footprint for medically complex children while transaction advisers included Edge Healthcare Partners, Baird, J.P. Morgan Securities and law firms Bass, Berry & Sims and Greenberg Traurig.