American HealthCare Capital is pleased to introduce a Medicaid home care agency for sale in Southeastern Michigan. The company has business since 2001, providing private duty nursing, non-skilled attendant care, pediatric nursing, Medicaid waiver, and CPI. They are CHAP accredited and Crisis Prevention Intervention certified. Their service area covers Southeastern Michigan.
The company’s payer mix is 53.9% Medicaid, 37% Private Pay, and 9.2% Private Insurance and Staffing. Gross revenues were $3 Million in 2017 and are expected to be the same in 2018 with adjusted EBITDA margin around $360,000. Their current census is 94 clients, and they bill an average of 2050 hours per week. The sellers feel there are abundant opportunities for growth with the growing aging population, as well expanding their services and building on their network of referrals.
The staff is expected to stay on under new ownership, and the seller will assist during a transitional period. The asking price for this opportunity is $1.5 Million.
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.