American HealthCare Capital is pleased to introduce a Licensed Home Care Services Agency (LHCSA) for sale in Western New York. The company provides non-skilled home care to assist elderly individuals with the activities of daily living (ADL).
The company‘s payer mix is 95% private pay, 4% LTC Insurance, and 1% VA. Gross Revenues were $472,159 with an adjusted EBITDA of $99,251 for 2016 and they are on track to achieve approximately $700,000 in 2017 with the addition of a new VA Contract. Their current average census is 28 patients with approximately 2-3 new admissions per month. They are billing 925 hours bi-weekly, on average.
The staff is expected to stay on under new ownership. The sellers are looking retire but are willing to assist during a transitional period.
The asking price for this opportunity is $450,000
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.