American HealthCare Capital is pleased to present a Medicare certified, CHAP accredited Hospice and Home Health provider for sale in the Dallas-Fort Worth Metropolitan Area. The company has been in business for over 10 years and provides services that include Skilled Nursing, Social Workers, Nursing Aides, a variety of Therapies. They are licensed to serve 9 counties in the surrounding region.
Their Hospice operation has a payer mix of 99% Medicare and 1% Private Insurance, and their Home Health operation has a payer mix of 70% Medicare, 20% Medicare Advantage, and 10% Private Insurance. In 2019, the company generated a total of $4.6 million in gross revenue with an adjusted EBITDA of $992,282 (21.37%). In 2020, they experienced continued growth, grossing $4.7 million with an adjusted EBITDA of $1,089,678 (23.16%). Driven by its strong hospice performance in 2021, they generated a combined $6.3 million in gross revenue with a combined adjusted EBITDA of $1,346,072 (21.35%). In 2021, approximately 64% of their revenue was from hospice and 36% was from home health. The current hospice census 77 and growing, and the current home health census is 142. ALOS is 80 days, and there are no cap issues or ADR’s.
All non-owner employees are expected to remain with the operation post-sale. The owners, who serve varying roles within the organization, are moving on to other endeavors and will assist during a transition.
The asking price for this opportunity is $8 million.
