Home healthcare provider Aveanna Healthcare (AVAH) signed an underwriting deal on August 20 letting certain existing shareholders — including affiliates of private equity firm J.H. Whitney Equity Partners VII and several current and former directors and officers — sell 15 million shares of common stock at $11.75 apiece through underwriter RBC Capital Markets, with the sale wrapping up August 24. The underwriter also holds a 30-day option to purchase up to another 2.25 million shares. The key catch: Aveanna itself didn't issue or sell any stock and received none of the roughly $176 million raised.
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