Company Overview
American HealthCare Capital is pleased to introduce a home health agency for sale in California. With multiple locations, they are strategically positioned to serve clients throughout a large area covering 6 counties. Referrals come from their solid network of specialized physicians and surgeons in the region.
Financial Overview
The company has shown significant growth over the past few years. The payer mix is 72% Medicare and 28% commercial insurance, and the current census is 410 patients. Gross revenues went from $9.9 million in 2021 to over $10.7 million in 2022, and they reached nearly $10.9 million in 2023. Profit margins have been healthy, and they achieved $1.17 million in adjusted EBITDA in 2023. In 2024, they are on pace to gross $13.9 million with an adjusted EBITDA of $1.4 million. Year to date through July 31, 2024, the revenue growth rate is 16% compared to the first seven months of 2023.
Staff Overview
The staff is expected to stay under new ownership. The company has an extremely strong leadership team in all key functions who are expected to continue running the business post-acquisition.
Asking Price
The asking price for this opportunity is $8.4 million.
