Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) has announced the completion of its acquisition of Thrive Skilled Pediatric Care, LLC. This strategic acquisition, funded by a mix of common stock shares and cash, is expected to drive significant growth for Aveanna by expanding its reach and enhancing its service offerings. Thrive SPC, one of the largest independent providers of pediatric home care with 23 locations across seven states, will integrate its skilled Private Duty Nursing services and other pediatric care offerings with Aveanna's existing home care platform. Jeff Shaner, CEO of Aveanna, expressed excitement about the geographical synergy and shared commitment to clinical excellence that this combination brings, marking a significant step in Aveanna's mission to lead in high-quality home care services.
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