American HealthCare Capital is pleased to introduce a Medicare and Medicaid certified hospice for sale in San Bernardino, California. The company has been Medicare certified since 2017, providing hospice and palliative care to patients based in San Bernardino, Orange, Riverside, and Los Angeles Counties within a 70 mile radius from their office. They are CHAP accredited.
The company’s payer mix is 90% Medicare, 5% MediCal (Medicaid), and 5% IPA. Their current average daily census is around 20 patients with an average length of stay of 90 days, and they have no issues with cap. In their first year in operation, the company has seen rapid growth and they expect it to continue. They grossed around $320,000 in 2017, and they are currently on track to exceed $1 Million. In September 2018 alone, they grossed over $110,000, which would put them on a trajectory to gross more than $1.3 Million annually.
The staff is expected to stay on and the seller will assist during a transitional period if needed. 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.