American HealthCare Capital is pleased to introduce a Medicaid home care agency for sale in Houston, Texas. The company has been in business for 13 years providing non-skilled home care services. Their service area covers a 5 county area.
The company’s payer mix is 40% DADS, 35% United Healthcare, 12% Amerigroup, 8% Molina, and 5% PCS. Gross revenues have been in the $2 Million range over the past few years, surpassing $2.3 Million in 2016 with an adjusted EBITDA of nearly $360,000. They are on track to do about the same in 2017 with a current census of 213 clients. The seller feels a new owner could build on the company’s excellent reputation, particularly with the growing baby boomer population.
Key personnel are expected to stay on under new ownership, and the seller will accommodate a transitional period as needed. The asking price for this opportunity is $1.5 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.