Aveanna Acquires Thrive SPC, Expands Pediatric Care
Slice of Healthcare Team
06/06/2025
Key highlights
- Aveanna Healthcare completes acquisition of Thrive Skilled Pediatric Care (Thrive SPC).
- Thrive SPC adds 23 locations across 7 U.S. states.
- Services expanded: Private Duty Nursing, Pediatric Therapy, Health Aides, CNAs.
- Deal funded via cash and common stock.
- Strategic advisors: Edge Healthcare, Cantor Fitzgerald, Bass Berry & Sims, Ropes & Gray.
Notable Quote
“ The addition of Thrive Skilled Pediatric Care to Aveanna creates a tremendous growth opportunity for the combined company. Thrive SPC is an exceptional company with a perfect geographical fit for us, and together we share a true commitment to clinical excellence and compassionate care. The addition of Thrive SPC reinforces our strategic mission of remaining the leader in delivering high-quality care while bringing unprecedented value and clinical innovation to our payors and stakeholders. We're excited to complete this transaction and officially welcome Thrive SPC to our Aveanna family. ”
Jeff Shaner, Chief Executive Officer at Aveanna Healthcare
Why This Matters
This acquisition significantly enhances Aveanna’s footprint in pediatric home care, particularly in key regions such as Arizona and New Mexico. By integrating Thrive SPC’s robust clinical services, Aveanna not only enters new geographic markets but also strengthens its strategic positioning in providing high-value, specialized care for medically complex children. This aligns with the broader healthcare industry trend of scaling home-based, high-acuity care models that reduce overall costs while improving patient outcomes.
