Aveanna Healthcare Holdings, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $670.5 million for the three-month period ending July 4, 2026, a 13.7% increase from $589.6 million in the same period last year. For the six-month period, revenue totaled $1.32 billion, up 14.8% from $1.15 billion in the prior year. The company’s net income also saw a substantial rise, climbing to $40.3 million for the second quarter, compared to $27.0 million in the previous year, and $81.9 million for the first half of 2026, a 154.3% increase from $32.2 million in the first half of 2025.
The growth in revenue was driven primarily by the Private Duty Services (PDS) segment, which reported a 14.0% increase in revenue, attributed to a 12.3% rise in service volume and a 1.7% increase in revenue rates. The Home Health & Hospice (HHH) segment also contributed with a 14.8% revenue increase, while the Medical Solutions (MS) segment grew by 9.4%. The company’s gross margin for the second quarter was $218.5 million, representing 32.6% of revenue, down from 35.8% in the prior year, largely due to increased costs associated with labor and operational expenses.
Aveanna's operational metrics indicate a strategic focus on expansion and integration following recent acquisitions. The company completed the acquisition of Family First Holding, LLC on June 1, 2026, for approximately $173.7 million, enhancing its pediatric home care services across seven states. This acquisition, along with the previous acquisition of Thrive Skilled Pediatric Care, is expected to bolster Aveanna's market presence and service offerings. The company now operates in 39 states, with significant concentrations in Texas, Pennsylvania, and California.
In terms of financial health, Aveanna reported total assets of $2.11 billion as of July 4, 2026, with total liabilities of $1.82 billion, resulting in stockholders' equity of $287.3 million. The company’s cash and cash equivalents decreased to $97.2 million from $193.3 million at the beginning of the year, primarily due to cash used in investing activities related to acquisitions. Aveanna's interest expense decreased significantly to $26.5 million for the second quarter, down from $35.9 million in the prior year, reflecting a lower average interest rate following recent refinancing efforts.
Looking ahead, Aveanna remains optimistic about its growth trajectory, driven by ongoing demand for home healthcare services and the successful integration of its recent acquisitions. The company anticipates that its strategic investments in technology and clinical programs will continue to enhance operational efficiency and patient care quality, positioning it favorably in a competitive market.
About Aveanna Healthcare Holdings, Inc.
Aveanna Healthcare Holdings Inc. operates a diversified home care platform delivering specialized nursing, therapy, hospice, and medical supply services to medically complex patients across the U.S. Its core segments include Private Duty Services, Home Health & Hospice, and Medical Solutions. Serving children, adults, and seniors, Aveanna emphasizes high-quality, patient-centered care in home settings, leveraging technology, scale, and payer partnerships to improve outcomes, reduce costs, and support value-based care models.
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