American HealthCare Capital is pleased to introduce a very well established Home Care agency for sale in Northern New Mexico. The company has been in business for over 14 years and services a 4 county region as an MCO contractor. They are also a statewide provider of Private Duty services. Their core services include professional health care and life assistance services to the elderly and disabled, including personal care, light housekeeping, errands, laundry, meal preparation for special diets, medication reminders, grooming, respite, and much more.
Their payer mix is 87% Medicaid and 13% Private Insurance. Their current census count is 115, which is made up of 103 Medicaid clients and 12 private duty clients. Over its life-span, the company has consistently grown. In 2016, gross revenues were $1,346,454 and in 2017, the company generated $1,512,799 in revenue with an adjusted EBITDA of $257,676 (17.03%). In 2018, the company is on track to generate approximately $1.75 Million in revenue with an adjusted EBITDA $262,500 (15%).
The seller will accommodate a transitional period as needed. The company has a strong base of employees that are available to stay on and the seller is not involved in the day to day. The asking price for this opportunity is $950,000.
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.