American HealthCare Capital is pleased to introduce a private duty home care agency for sale with multiple locations serving Central Michigan. The company has been in business for 19 years. Their services include companion care, home health aides, and skilled nursing (RN/LPN).
The company’s payer mix is 73% Area Agency on Aging (AAA), 16% Michigan Department of Human Services (DHS), 8% Private Pay, and 3% Private Insurance. Gross revenues are currently on track to reach $850,000 in 2017 with an adjusted EBITDA of at least $150,000. They bill an average of 4,500 hours per month. There is a steady base of referrals in place that a new owner could build upon.
The seller would like to focus on other business ventures. The asking price for this opportunity is $600,000.
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.