Aveanna Healthcare Holdings Inc. acquired Preferred Pediatric Home Health Care, Inc. for $40.6 million in August, 2020. The consideration is subject to customary purchase price adjustments. Preliminary total consideration for the transaction was $40.6 million, of which $39.8 million was paid in cash at closing. Per the purchase agreement, a total of $0.8 million of total consideration is to be held by Aveanna to settle working capital adjustments. The holdback payment, net of working capital adjustments, will be paid to the sellers three months after closing.
Aveanna Healthcare Holdings Inc. completed the acquisition of Preferred Pediatric Home Health Care, Inc. in August, 2020.
Aveanna Healthcare Holdings Inc. is a provider of diversified home care platforms. The Company's segments include Private Duty Services (PDS), Home Health & Hospice (HHH), and Medical Solutions (MS). The PDS segment includes private duty nursing (PDN) services, as well as pediatric therapy services. The HHH segment includes home health services, as well as hospice and specialty program services. Its home health services involve the provision of in-home services to its patients by its clinicians, which include nurses, therapists, social workers and home health aides. Its hospice services involve a supportive philosophy and concept of care for those nearing the end of life. The Medical Solutions segment offers a line of enteral nutrition supplies and other products to adults and children, delivered on a periodic or as-needed basis. The MS business serves patients who have short or long-term disabilities and require a supply of infant, pediatric and adult formulas.
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