Pasadena-Based Healthcare Company Acquired

Published : Sunday, May 13, 2018 | 5:29 AM

Aveanna Healthcare in Atlanta, Georgia, has acquired Pasadena-based Premier Healthcare Services, LLC for an undisclosed amount.

Aveanna announced it has entered into a “definitive agreement” for the acquisition. The statement said the transaction is scheduled to close in mid- to late June.

“Premier Healthcare Services is the largest and most respected provider of hourly skilled home health and Behavioral Health Benefit Administration Services to medically complex pediatric patients and their families in California,” Rod Windley, Executive Chairman of Aveanna, said. “The addition of Premier will enhance our ability to provide patients and their families with the highest quality care available in even more locations across the United States. Aveanna and Premier share a deep commitment to making a difference in the lives of the patients and the families that we serve. Both Premier and Aveanna have a dedication to clinical excellence and the patient and family stand at the center of everything we do.”

Aveanna’s Chief Operating Officer Jeff Shaner said they are “extremely excited to be back in California.”

“California is a dynamic and growing state that is committed to taking care of its most vulnerable children, and keeping them out of institutions and in the home,” Shaner said. “I look forward to bringing this transaction to fruition and working closely with the Premier team as we move forward in the California market.”

In a joint statement, Kelly Johnson and Joe Mallinger, co-founders and majority owners of Premier, said they are “fortunate to be able to choose Aveanna from a number of highly regarded potential partners.”

“The core values and culture we both share quickly moved Aveanna to the top of our list. Our employees are thrilled to be a part of the Aveanna family, and we look forward to continuing our mission together,” they said.

Edge Healthcare Partners served as Aveanna’s financial advisor, and Greenberg Traurig, LLP as its legal advisor. Lincoln International, LLC served as Premier’s financial advisor, and Proskauer Rose, LLP served as Premier’s legal advisor.

A privately owned company, Aveanna Healthcare has about 200 locations providing pediatric healthcare in 23 states, with 30,000 caregivers currently serving over 33,000 patients.

Premier Healthcare Services, LLC, founded in 2005, is one of the largest private duty nursing providers in California, with 21 licensed and certified offices in the state and an emerging presence in the Texas and Colorado pediatric home health markets. It is also California’s largest provider of Behavioral Health Benefit Administration Services, serving over 12,000 consumers in 21 regional centers.

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