Company Overview
American Healthcare Capital is pleased to introduce a Medicaid Home Care Agency for sale in South Central Texas. Established in 1999, the company provides non-skilled home care services, including homemaking services and personal care. They are licensed to serve an 18-county area in DADS Region 8.
Financial Overview
The company’s payer mix is 95% Medicaid and 5% Private Pay. Gross revenues were $10.3 million in 2018 and grew to $10.5 million in 2019 with an adjusted EBITDA of $732,429 (6.88%). In 2020, despite the pandemic, they generated just under $10.8 million and an adjusted EBITDA of $732,889 (6.81%). In 2021, gross revenue and adjusted EBITDA are projected to remain flat.
Their current average census exceeds 750 patients, and they currently employ over 700 team members. The company bills approximately 65,000 hours per month on average.
Staff Overview
The majority of the company’s staff are expected to stay under new ownership. The current Owner/Administrator plans to retire but is available to assist during a reasonable transitional period.
Asking Price
The seller is open to reasonable offers.
