Provides home health and hospice services primarily for pediatric patients.
Acquired by Bain Capital2017-11-01
Specialized pediatric and complex care home health services
Aveanna Healthcare will likely reduce the number of highly skilled registered nurses (RNs) and replace them with less experienced licensed practical nurses (LPNs) or nursing aides to cut labor costs.
Aveanna Healthcare may attempt to extract equity from their real estate assets through sale-leaseback transactions, which could lead to higher rents and reduced investment in facility maintenance.
Aveanna Healthcare may engage in aggressive billing practices to maximize reimbursements, including upcoding procedures and diagnoses, which could lead to higher costs for patients and insurers.
Aveanna Healthcare may choose to eliminate certain unprofitable but essential services, such as psychiatric or rural care, in order to improve their bottom line, which could leave vulnerable patients without access to necessary care.
Aveanna Healthcare may announce 'optimization' programs and shuffle leadership, creating uncertainty among patients and their families.
Staffing cuts and service reviews will begin, leading to longer wait times and potentially reduced quality of care.
Patients and their families will likely notice a decline in service quality, with longer appointment times, higher caseloads for nurses, and deferred equipment maintenance.
Major issues may emerge, such as the closure of certain care departments or quality scandals related to the changes implemented by Bain Capital.
Aveanna Healthcare may face potential bankruptcy, hospital closures, or a fire sale to another operator, further disrupting patient care.
Other companies that followed a similar path after PE acquisition
Closely monitor any announcements or changes made by Aveanna Healthcare following the acquisition by Bain Capital.
Be vigilant for any signs of declining service quality, such as longer wait times, shorter appointments, or reductions in nursing staff.
Advocate for the preservation of essential services, such as psychiatric and rural care, to ensure vulnerable patients continue to have access to the care they need.
Consider alternative healthcare providers if the quality of care at Aveanna Healthcare deteriorates significantly.
Community-focused healthcare
Integrated managed care consortium