Significantly Expands Aveanna's Presence in the Attractive California Market
Atlanta, GA and Pasadena, CA/PRNewswire/ - Aveanna Healthcare ("Aveanna"), the preeminent and largest pediatric home health care company in the nation, today announced that it has successfully completed the acquisition of Premier Healthcare Services, LLC ("Premier"), a leading provider of pediatric services to patients in California, with additional operations in Colorado and Texas. Financial terms of the transaction were not disclosed.
Rod Windley, Executive Chairman of Aveanna, said: "Premier Healthcare Services is an outstanding company that will greatly expand Aveanna's presence in key markets, especially California, with high demand for vital, high-quality services for medically complex pediatric patients and their families. Our mission is to put our patients and families at the center of everything we do, and Premier's talented professionals and exceptional capabilities enhance our ability to do that in fast-growing, attractive markets."
Devin O'Reilly, a Managing Director at Bain Capital, said: "Aveanna is on a steep upward trajectory because of its success in meeting the need for vitally important services that are increasingly in demand. We are proud to be partners in this critical endeavor."
Bob Williams, a Senior Managing Director at J.H. Whitney, said: "Premier Healthcare Services enjoys an outstanding reputation and we are pleased to welcome them to the Aveanna family. Premier represents an excellent fit with Aveanna culturally and geographically, and believe this acquisition will create tremendous benefit and value in the western United States."
Edge Healthcare Partners, Barclays and Bank of Montreal Capital Markets served as Aveanna's financial advisors, and Greenberg Traurig, LLP as its legal advisor. Dechert, LLP served as legal advisor to J.H. Whitney. Kirkland & Ellis, LLP served as legal advisor to Bain Capital Private Equity.
Lincoln International, LLC served as Premier's financial advisor, and Proskauer Rose, LLP served as Premier's legal advisor.
About Aveanna Healthcare
Based in Atlanta, Ga., Aveanna Healthcare is the nation's largest provider of pediatric home care. Aveanna has 226 locations in 23 states, with 32,000 caregivers currently serving over 40,000 patients. A privately-owned company, Aveanna is dedicated to providing outstanding care with compassion, quality and clinical excellence. For more information, visit www.aveanna.com.
About Premier Healthcare Services
Founded in 2005, Premier Healthcare Services, LLC is one of the largest private duty nursing providers in California, with 21 licensed and certified offices in California with an emerging presence in the Texas and Colorado pediatric home health markets. It is also California's largest provider of Behavioral Health Benefit Administration Services, serving over 12,000 consumers in 21 Regional Centers.
SOURCE: Aveanna HealthcareCopyright 2018 PR Newswire. All Rights Reserved