American Healthcare Capital has pleased to introduce a Non-Skilled Home Care Business located in the Mid-Atlantic area. The company has been in business for nearly 25 years, providing homemaking services and personal care. They have multiple locations, allowing them to serve a very broad area.
The company’s payer mix is 97.5% Medicaid, 2% Insurance, and 0.5% VA. Gross revenues for 2016 were over $11.7 Million with an adjusted EBITDA of approximately $2.1 Million, and they are on track to do the same in 2017 with a similar or better EBITDA margin. The current average census is just over 815 clients.
The staff is expected to stay on under new ownership, and the owner will assist during a transitional period. The asking price for this opportunity is $12 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.