Aveanna Healthcare Holdings, a , diversified home care platform focused on providing care to medically complex, high-cost patient populations, completed the acquisition of Comfort Care, a leading adult home health and hospice company with operations in Alabama and Tennessee. The purchase price of $345 million represents $290 million of value, net of the present value of approximately $55 million in estimated net tax benefits. Comfort Care is expected to be fully integrated into Aveanna during 2022, with the majority of the integration process occurring in the first 180 days.
Founded in 2000, Comfort Care provides both skilled Home Health & Hospice services to the traditional Medicare patient population through a network of 31 locations, primarily throughout the state of Alabama, with a growing presence in Tennessee. Comfort Care generates approximately $100 million in annual revenue on a current run rate basis with approximately 47% of its revenues derived from home health and approximately 53% of its revenues derived from hospice services. Read more.
