American HealthCare Capital is pleased to introduce a Medicare Certified Home Health Agency for sale based in Southern Colorado. The company received their Medicare provider number 10 years ago. Their services include Skilled Nursing, Physical Therapy, Occupational and Speech Therapy, Medical Social Work, and Homemaking and Personal Care. They also have an office in New Mexico from which they provide nursing and CNA services. Their service area covers 5 counties in Colorado and 1 county in New Mexico.
The company’s payer mix is 50% Medicare, 30% Medicaid, and 20% other, including VA. Gross annual revenues have consistently been in the $3.7 Million range, and their adjusted EBITDA was nearly $463,000 in 2016. The sellers have purposely maintained a steady flow of business in anticipation of retirement, but they feel that growth could easily be achieved with more marketing.
The staff is expected to stay on with the new owner and the sellers will assist during a transitional period. The asking price for this opportunity is $2.3 Million.
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