Aveanna Healthcare Holding Inc. announced the resignation of Chief Financial Officer David Afshar on Thursday, effective July 7.
The Atlanta-based home health care provider has been struggling financially over the past few quarters due to rising labor costs and impediments from the COVID-19 pandemic. Afshar also served as chief accountant and chief financial officer.
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The company said in a press release that Afshar left to pursue other opportunities and not due to any disagreement with management, operations, policies or practices, including issues related to financial topic. Senior Vice President of Finance Matt Buckhalter will assume the roles of interim chief financial officer and interim chief financial officer.
In March, Aveanna reported a fiscal fourth-quarter net loss for the fourth quarter of 2022 of nearly $238 million, or $1.28 per share, compared with a loss of about $126 million, or 68 cents. per share, for the previous one-year period. For the full year, the company posted a loss of $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 about 40,000 customers.
