American HealthCare Capital is pleased to introduce a Medicare certified hospice agency for sale in Southeast Louisiana. The company has been in business since 2007 and provides both inpatient and outpatient services. Their service area covers a 50-mile radius in and around the southeastern part of the state, and they also have a state of the art Palliative facility in the region. Services include CNA’s, Nurses on Call 24/7, Social Work, and much more.
The company’s primary payer source is Medicare, but they also accept Medicaid and private insurance. Gross revenues were approximately $6.1 Million ($1.5 Million from Inpatient services) in 2015 with an adjusted EBITDA of $783,805 (12.85%), and in 2016 they generated $6,470,949 ($1.6 Million from Inpatient services) with an adjusted EBITDA of approximately $987,899 (15.27%). The current outpatient hospice census is 91 patients with an average length of stay of 40 days and no outstanding cap issues. They also receive 50-60 new admissions per month. The inpatient facility has a current census of 14 (87.5% occupancy rate) and their maximum capacity is 16.
The current staff, including the seller, is available to stay on under new ownership. The asking price for this opportunity is $7.5 Million, which includes the real estate and business opportunity.
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.