Aveanna Healthcare falls on $90 mln secondary offering

Aveanna Healthcare Holdings

22/10/2025 12:35

** Shares of Aveanna Healthcare Holdings AVAH.O down 9.9% premarket to $9.22 after overnight $90 mln secondary offering priced

** Diversified home care provider late Tues said holders affiliated with J.H. Whitney Equity Partners sold 10 mln shares at $9, a 12% discount to stock's last sale

** Atlanta, Georgia-based AVAH has ~208.9 mln shares outstanding

** Jefferies and JP Morgan are joint lead bookrunners for offering

** Through Tues close, AVAH shares had risen nearly 155% over the past three months

** 4 of 9 analysts covering AVAH rate the stock "strong buy" or "buy", rest rate "hold"; median PT of $9 up from $5.75 on Jul 22, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))