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Atlanta-based pediatric home healthcare company Aveanna Healthcare has raised $75 million funding from Penfund, an independent provider of junior capital to middle market companies in the US and Canada.
Aveanna was formed through the merger of Epic Health Services and PSA Healthcare, and is owned by Bain Capital Private Equity, JH Whitney Capital Partners, management and other investors including Penfund.
Aveanna is led by Rod Windley as executive chairman; Tony Strange as CEO; and Jeff Shaner as COO, who were formerly executives with PSA and Gentiva Health Services.
"We are pleased to support Aveanna Healthcare as it joins two best-in-class operators in Epic and PSA," said Nicole Fich, a partner at Penfund. "Penfund has previously had the pleasure of partnering with PSA on multiple occasions and we believe the merger will allow Aveanna to deliver high quality, comprehensive care to pediatric patients and provide critical support to their families."
Adam Breslin, another partner at Penfund, added: "We are delighted to invest in Aveanna. With its scale and focus on pediatric home nursing, we believe Aveanna is uniquely positioned to be a dependable and valued partner to patients, hospitals, referral sources and payors."
Aveanna Healthcare, Investment, Pediatric home healthcare, Penfund, US, Canada