American HealthCare Capital is pleased to introduce a Medicare and Medicaid certified, Joint Commission accredited hospice agency for sale in Los Angeles County, California. The company is strategically located in the San Fernando Valley, which has a high concentration of geriatric patients and referral sources. They have been in business since 2004, and they are approved to service a 60 mile radius from their office.
The company’s payer mix is 80% Medicare, 5% MediCal (Medicaid), and 5% private insurance. The company has contracts with all major insurances, including LA Care, Blue Shield, Humana, United Health Care, and more. Gross revenues were nearly $1.7 Million in 207 with an adjusted EBITDA of over $217,000 (13%), and they anticipate doing about the same in 2018. Their census averages 20-30 patients with an average length of stay of 60 days. A new owner could grow the business by continuing to build on their excellent reputation and implementation of a renewed marketing effort.
The staff is expected to stay on, but the seller would like to retire. The asking price for this opportunity is $1.1 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.