Aveanna Healthcare drops as sponsor to cut stake
20/08/2026 21:33
BUZZ-Aveanna Healthcare drops as sponsor to cut stake ** Shares of home care provider Aveanna Healthcare Holdings AVAH.O down 8.4% at $11.88 in extended trading after secondary offering news
** AVAH announces affiliates of J.H. Whitney Equity Partners and some current and former directors and officers to part with 15 mln shares
** RBC sole bookrunner for offering
** Atlanta, Georgia-based AVAH has ~218.3 mln shares outstanding, per the prospectus
** AVAH stock closed down 1.4% at $12.97 on Thurs after hitting record intraday high of $13.39; stock up about 69% over the past three months
** 8 of 11 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT $13, per LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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Aveanna Healthcare drops as PE sponsor reduces stake