Aveanna Healthcare announces exit of CFO

Aveanna Healthcare announces exit of CFO

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Aveanna Healthcare Holding Inc. announced the resignation Thursday of Chief Financial Officer David Afshar, effective July 7.  

The Atlanta-based home healthcare provider has struggled financially over the past several quarters due increased labor costs and headwinds from the COVID-19 pandemic. Afshar also served as principal accounting officer and principal financial officer. 

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The company said in a news release that Afshar was leaving to pursue other opportunities and not due to any disagreements with management, operations, policies or practices, including financial matters. Senior Vice President of Finance Matt Buckhalter will assume the roles of interim chief financial officer and interim principal financial officer.

In March, Aveanna reported a fiscal fourth quarter 2022 net loss of nearly $238 million, or $1.28 per share, compared with a loss of approximately $126 million, or 68 cents per share, in the year-ago period. For the full year, the company lost $662 million, or $$3.57 per share, compared with a loss of $117 million, or 69 cents per share in 2021.

Aveanna operates 300 locations in 33 states and has approximately 40,000 clients.

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