Aveanna Healthcare (AVAH) 10% owner sells shares worth $90 million

Published 23/10/2025, 17:12
Aveanna Healthcare (AVAH) 10% owner sells shares worth $90 million

A 10% owner of Aveanna Healthcare Holdings, Inc. (NASDAQ: AVAH), indirectly associated with Robert M. Williams Jr., sold a significant number of shares on October 21, 2025. The company, currently valued at $1.93 billion, has seen its stock surge with a 120% gain over the past six months. According to InvestingPro analysis, the stock is trading near Fair Value levels, with technical indicators suggesting overbought conditions. The sales, executed at a uniform price of $9.00 per share, involved multiple entities associated with J.H. Whitney.

J.H. Whitney VII, L.P. disposed of 8,346,059 shares for a total value of $75,114,531. Additionally, JHW Iliad Holdings LLC sold 1,497,018 shares, amounting to $13,473,162. JHW Iliad Holdings II LLC also sold 156,923 shares, with a total value of $1,412,307.

In other recent news, Aveanna Healthcare Holdings Inc. has completed a significant refinancing of its credit facilities, totaling $1.325 billion. This refinancing includes $886 million in refinanced first lien term loans and $439 million in incremental first lien borrowing, with extended maturities. Additionally, Aveanna has increased its revolving credit facility to $250 million, extending its maturity to 2030. Meanwhile, J.H. Whitney Equity Partners VII, LLC has initiated a secondary offering of 10 million shares of Aveanna Healthcare, with an option for underwriters to purchase an additional 1.5 million shares. Aveanna will not receive any proceeds from this transaction as all funds will go to the selling stockholders. In another development, JPMorgan has upgraded Aveanna Healthcare’s stock rating from Underweight to Neutral, raising the price target to $10.00. Despite the upgrade, JPMorgan has expressed concerns regarding Aveanna’s liquidity and the tight labor market in the healthcare sector. These recent developments are crucial for investors monitoring Aveanna Healthcare’s financial and operational strategies.

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