Aveanna Healthcare Acquires Accredited Home Care
December 1, 2021
Aveanna Healthcare (NASDAQ: AVAH) completed its acquisition of Accredited Home Care, a large Southern California private-duty home care provider, for a base purchase price of $180 million plus up to $45 million in earnouts. Accredited serves roughly 9,000 patients annually with approximately 6,250 field nurses and caregivers, generated about $114.8 million in trailing twelve-month revenue (ended Aug 31, 2021), and derives ~86% of revenue from Medicaid or state-funded programs.
- Buyers
- Aveanna Healthcare Holdings, Inc.
- Targets
- Accredited Home Care
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Buyout
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