Aveanna Healthcare Holdings IncCalifornia's 2027 budget includes a pediatric private duty nursing rate increase, ending a four-year advocacy push.

Aveanna Healthcare announced that California's 2027 budget will include a meaningful pediatric private duty nursing rate increase effective January 1, 2027, ending a four-year advocacy push. The company reported second-quarter revenue of roughly $670 million, up 13.7% year over year, with adjusted EBITDA up 8% to $95.4 million. Aveanna also raised full-year guidance to more than $2.68 billion in revenue and more than $365 million in adjusted EBITDA. Private duty services revenue per hour rose just 1.7% to $44.62, while cost of revenue per hour jumped 7.8% to $31.74. The company closed the Family First Homecare acquisition in early June and expects integration to finish by late in the fourth quarter.
Aveanna Healthcare Holdings IncCalifornia's 2027 budget includes a pediatric private duty nursing rate increase, ending a four-year advocacy push.