American HealthCare Capital is pleased to introduce a Joint Commission accredited, Medicare certified hospice agency for sale in Southern California. The company has been in business for 3 years. The agency is licensed to cover a 60 mile radius of their home office however they currently serve the following counties; Orange County, Los Angeles, Riverside and San Bernardino.
The company’s business is 98% Medicare and 2% Medicaid/private pay funded. The company started billing in 2015. Gross revenues were $2 Million in 2017 with expected sales to top $2.5 Million in 2018. Their current average daily census is 35 patients with an average length of stay of 60 days, which is well below industry standards. The company has been actively marketing the business and anticipates that both census and revenue will continue to exhibit positive growth trends.
The staff is expected to stay on with the new owner. The asking price for this opportunity is $1 Million.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.