American Healthcare Capital is pleased to introduce a Home Care Agency located in Southeastern Connecticut. The company has been in business since 2000 providing non-skilled home care and private skilled nursing throughout the Southeastern part of the state. Services include ADL’s (Activities of Daily Living), Personal Hygiene Visits, Dressing and Grooming, Help with Meals, Medication Reminders, 24-hour care, as well as Skilled Nursing services. Their Skilled Nursing care is limited to 10 hours per month.
The company’s payor mix is 88% Private Pay, 10% Insurance, and 2% Senior Resources. In 2017, the company generated $835,916 in revenue with an adjusted EBITDA of $165,189 (19.76%). They are currently projected to reach $1 Million in revenue this year with an adjusted EBITDA of $179,892 (17.89%).The current census is 24 patients, and they receive an average of 1-2 new admissions per month. Their referral sources include rehab facilities, hospice agencies, and former clients.
All employees are available to stay on under new ownership. The owner is looking to retire but would be willing to assist during a transitional period. The asking price for this opportunity is $550,000.
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.