Atlanta, Georgia – Edge Healthcare Partners is pleased to announce that Aveanna Healthcare (“Aveanna”), the largest pediatric home health care company in the nation and a portfolio company of Bain Capital and J.H. Whitney, has completed its previously announced acquisition of Premier Healthcare Services, LLC (“Premier”). The terms of the transaction, which closed on June 30, 2018, were not disclosed. Edge Healthcare Partners originated the transaction and served as the exclusive financial advisor to Aveanna.
“The addition of Premier will enhance our ability to provide patients and their families with the highest quality care available in even more locations across the United States. Aveanna and Premier share a deep commitment to making a difference in the lives of the patients and the families that we serve,” said Rod Windley, Executive Chairman. “We have worked with the principles at Edge Healthcare Partners for over 15 years, and continue to be impressed by the depth and breadth of their advisory services.”
Devin O’Reilly, a Managing Director at Bain Capital, said: “We are delighted to continue our proven formula of growing Aveanna through the addition of high-quality companies that complement Aveanna’s strengths and geographical coverage. The team at Edge Healthcare Partners was a key differentiator during this process keeping our broader deal team informed, cohesive and coordinated.”
The transaction highlights the depth and breadth of Edge Healthcare Partners’ knowledge, experience and expertise in the post-acute healthcare sector. This transaction marks Edge’s seventh pediatric home health transaction since the beginning of 2016.
About Aveanna
Based in Atlanta, Georgia, Aveanna is the nation's largest provider of pediatric home care. Aveanna has 230 locations in 23 states, with 44,000 caregivers currently serving over 57,000 patients. A privately-owned company, Aveanna is dedicated to providing outstanding care with compassion, quality and clinical excellence. For more information, visit www.aveannahealthcare.com.
About Bain Capital
Bain Capital (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Bain Capital’s team of more than 220 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm's shared platform to capture opportunities in strategic areas of focus.
About J.H. Whitney
Established in 1946 by the industrialist and philanthropist, John Hay “Jock” Whitney, J.H. Whitney was one of the first U.S. private equity firms and is often credited with pioneering the development of the private equity industry. Today, J.H. Whitney remains privately owned by its investing professionals and focuses on providing private equity capital to small and middle market companies with strong growth prospects in a number of industries including consumer, healthcare and specialty manufacturing. For more information, visit www.whitney.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. For more information, visit www.premier-homehealth.com.
About Edge Healthcare Partners
Edge Healthcare Partners is an independent Atlanta based investment banking firm focused on providing merger and acquisition services to leading private and public healthcare companies and private equity firms. Edge Healthcare Partners also assists companies with raising capital for growth, acquisitions, recapitalizations, going-private and management buy-out transactions The professionals of Edge Healthcare Partners have over 65 years of collective investment banking experience and have completed more than 100 transactions across the entire spectrum of healthcare including healthcare services, healthcare information technology, distribution and life sciences. Securities are offered through Edge Corporate Finance, Member FINRA and SIPC. For more information, visit https://www.edgehcp.com/.
