Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) said Tuesday it has completed the acquisition of Family First Holding, expanding its pediatric home care operations and prompting an increase to its fiscal 2026 revenue and adjusted EBITDA guidance.
The company announced it acquired Family First Homecare for $175.5 million in cash, funded through cash on hand.
Acquisition Expands Geographic Reach
Family First Homecare is a multi-state pediatric home care provider focused primarily on skilled Private Duty Nursing services.
The acquisition broadens Aveanna’s specialized home care platform and increases its presence in key markets.
Higher Revenue And EBITDA Forecast
Following the acquisition, Aveanna revised its fiscal 2026 guidance to reflect the contribution from Family First Homecare.
The company now expects revenue between $2.63 billion and $2.65 billion, up from its previous outlook of $2.56 billion to $2.58 billion.
Aveanna said the increase is solely attributable to Family First Homecare’s projected revenue contribution of $70 million.
Aveanna also raised its adjusted EBITDA forecast to a range of $338 million to $342 million, compared with prior guidance of $328 million to $332 million.
The company said the increase reflects Family First Homecare’s expected adjusted EBITDA contribution of $10 million.
Analyst Take
William Blair estimates that AVAH trades at about 8 times 2027 adjusted EBITDA on a pro forma basis, towards the low end of the healthcare services peer group range of between a high-single-digit to mid-teens EBITDA multiple.
Analyst Jared Haase sees a compelling risk/reward opportunity given Aveanna’s unique exposure to an attractive market and robust EBITDA growth potential.
AVAH Price Action: Aveanna Healthcare shares were down 0.22% at $6.65 at the time of publication on Tuesday, according to Benzinga Pro data.
Photo by Rido via Shutterstock
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