American HealthCare Capital is please to introduce a Medicare Certified Home Health Agency for sale in Northern California. The company is Joint Commission accredited and they have a contract with Kaiser. They serve 7 counties in the greater San Francisco Bay area.
The company’s payer mix is 90% Medicare and 10% Kaiser. Their average daily census is 40 patients. Gross revenues were $903,224 in 2019 and grew to over $1.4 million in 2020. Based on current trends, they anticipate remaining steady at $1.4 million in 2021 and breaking even or showing a minor loss. Were it not for the pandemic, the company would have achieved more expansive growth in 2020, allowing them to attain higher profit margins. The owners feel there are abundant opportunities for growth with stronger management and a renewed focus on marketing.
The staff is expected to stay on under new ownership, and the sellers will assist during a brief transitional period. The asking price for this opportunity is $750,000.
