Aveanna Healthcare Holdings, Inc. 8-K

What Happened
Aveanna Healthcare Holdings, Inc. (through its subsidiary Pediatric Services of America, LLC) announced on March 9, 2026 that it entered into an Equity Interest Purchase Agreement to acquire all issued and outstanding membership interests of Family First Holding, LLC. The cash purchase price is $175.5 million, subject to customary working capital and other adjustments. Aveanna issued a press release on March 12, 2026 to announce the transaction.

Key Details

• Purchase price: $175.5 million in cash, subject to customary adjustments for working capital and other items.
• Buyer: Pediatric Services of America, LLC — a wholly-owned subsidiary of Aveanna. Seller parties include Cooper Family Ventures, Family First Management Holdco, Horsepower Holdings, Reid Gray, and Ryan MacClellan.
• Funding: Aveanna intends to use cash on hand and borrowings under its existing short-term credit facility.
• Closing and protections: Expected to close in the second fiscal quarter of 2026 and is subject to customary closing conditions (accuracy of reps and warranties, pre-closing covenants, expiration of the HSR waiting period, absence of material adverse effect, delivery of closing deliverables). The Buyer obtained representation & warranty insurance covering certain seller breaches.

Why It Matters
This 8-K notifies investors of a material acquisition that expands Aveanna’s pediatric services footprint. The deal’s $175.5M cash price and stated funding via cash and short-term borrowings mean investors should watch for impacts on cash balances and short-term leverage. Completion also depends on regulatory clearance (HSR) and customary closing conditions; investors should monitor subsequent filings for closing updates and any financial disclosures related to the acquisition.