American HealthCare Capital is pleased to introduce a Medicaid home care agency for sale in Maine. The company has been under current ownership for over a decade providing non skilled personal care services. They are the premier agency in their service area, and they are committed to supporting the elderly and disabled community to live independently at home. They service a 3 county area.
The company’s payer mix is 86% Medicaid, 11% private pay and insurance, and 3% VA. Gross revenues have steadily increased in the last few years, exceeding $1.2 Million in 2016. They are currently on track to gross $1.3 Million with a 20% adjusted EBITDA margin. Recent legislation has resulted in a $2.08 increase in hourly reimbursement that is retroactive as of July 2016, which will have positive effects on both their top and bottom line. They currently have 96 active clients and bill 1,300-1,500 hours per week.
Key staff members are expected to stay on under new ownership, but the sellers would like to retire. The asking price for this opportunity is $900,000.
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.