American HealthCare Capital is pleased to introduce a Medicare Certified Home Health agency for sale serving the greater Detroit, Michigan Metro area. The company has been in business for nearly 3 decades and is CHAP accredited. Their service area covers Oakland, Wayne, and Macomb Counties.
The company’s payer mix is 60% Medicare and 30% Medicare Plus Blue, and 10% other. Gross revenues were nearly $1.3 million in 2020, almost $2 million in 2021, and nearly $2.1 million in 2022. Adjusted EBITDA was $507,367 in 2021 and $688,232 in 2022. Their current census is 150 patients.
The staff is expected to stay on, and the owners are open to staying on for an extended period if desired. The asking price for this opportunity is $2.5 million.
