American HealthCare Capital is pleased to introduce a Medicaid and Private Duty Home Care Agency for sale serving Missouri and Kansas. The company has been in business since 2011, providing both skilled and non-skilled care. Services include personal care, ADV personal care, homemakers, respite, nurse visits, CDS, and IHS. They have 2 Medicaid contracts in Missouri – one for In-Home Services, and one for Consumer Directed Services, as well as a contract with Sunflower Health Plan (Medicaid) in Kansas. According to the seller, there is an approximately 3 year long waitlist to become a new Medicaid provider in Missouri.
The company’s payer mix is 99% Medicaid and 1% Private Pay. Gross revenues were in the $300,000 range over the past few years, and the company is profitable. They are currently billing approximately $30,000 per month. Their current census is 57 clients, none of whom receive 24 hour care. The sellers feel that growth could be achieved by expanding their service area and accepting more patients.
The staff is expected to stay on post-closing, and the seller will assist during a transitional period as needed. The asking price for this opportunity is $275,000.
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.