American Healthcare Capital is pleased to introduce a state accredited Home Care Agency located in Rhode Island. The company has been in business since 2001 providing non-skilled home care throughout the Eastern part of the state. Services include assistance with ADL’s (Activities of Daily Living), Personal Hygiene Visits, Dressing and Grooming, Transportation Services, Help with Meals, Medication Reminders, and much more.
The company’s payer mix is 52% Medicaid, 35% Neighborhood Health Plan of Rhode Island (NHP), 5% United Healthcare, 3% VA, 3% Rhode Island Care-breaks Program, and 2% Private Pay. In 2017, the company generated $940,136 in revenue with adjusted EBITDA of $80,000 (8.5%). In 2018, the company is on pace to generate approximately $850,000 in revenue. Their current census is 86 and they receive 4-5 new admissions per month on average. The seller feels there is room for growth through the expansion of their services into skilled-care and transportation services.
All employees are available to stay on under new ownership and the owner would be 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.