Aveanna Healthcare Holdings Inc. (AVAH) Presents at Deutsche Bank 2026 Healthcare Summit Transcript

Pito Chickering
Deutsche Bank AG, Research Division

All right. Thank you again for joining us. Sorry for running a few minutes late here. Very pleased to have CEO and CFO from Aveanna Healthcare. For anyone that doesn’t know about this company, I just want to point out that this thing is up 1,700% since you took ownership in end of 2022, started off as a sub-1 distressed equity, almost not making payroll, here we are 14x leverage. I’ll get into arguably too low. This big move at 1,700%, that’s not so bad. This move has been basically been primarily moving into preferred networks, which structurally involved sort of your entire company. So I guess, can you just talk about the preferred network strategy in each of the segments? And where are we in terms of innings for each segment as you think about this over a 1-, 2-, 3-, 5-year window? And when is it sort of fully penetrated and start growing typically at more “market growth?”

Jeffrey Shaner
President, CEO & Director

Sounds great. And I want to take the compliment because you were one of the people who pointed out how bad we sucked on the way down from $10 back to $1. So I just want to say thank you, Pito, for giving us some kudos on the other side of it, as you certainly brought up some of the realities to us back in 2021, 2022. But now as you said, Pito, we’ve been on a multiyear journey. Matt and I and Debbie Stewart, our Chief Accounting Officer, all kind of took our roles in