American Healthcare Capital is pleased to introduce a $40 Million LHCSA located in the New York Metropolitan area. The company has been in business since 2010 and services the 5 boroughs, as well as Westchester county. Their main services include Personal Care Assistance, Homemaker Services Assistance with Daily Activities, and Nursing.
The company’s payer mix is 100% Medicaid/Managed Long-Term Care. In 2017, the company grossed nearly $31 Million in revenue with an adjusted EBITDA of approximately $4 Million (13%). In 2018, the company has already generated over $3.2 Million in gross revenues in January and expects to reach nearly $40 Million by year end. Their current census is nearly 1000 patients, and they receive an average of 40-50 new admissions per month. There is also a staff of over 1,100 employees.
All employees are expected to stay on under new ownership and the owners are willing to assist during a transitional period. The asking price for this opportunity is $25 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.