American HealthCare Capital is pleased to offer an ACHC Accredited, Medicare & Medicaid Certified Home Health Agency for sale in the Denver, Colorado area. The company provides both medical and non-medical in-home care services and is approved to serve patients across 9 counties in the Denver metro area.
Historically, the payer mix has been 20% Kaiser, 20% Medicaid, 20% Medicare, 30% United/Anthem/Cigna, and 10% private pay. The company maintains contracts with Medicare, Colorado Medicaid, Kaiser Permanente, United Healthcare/Optum, Anthem/myNEXUS/Carelon, Cigna/eviCore, and Pinnacol Assurance. Over the last several years, the company generated total annual revenues in the $2.2 million – $2.8 million range, operated at roughly breakeven profitability, and their recent average census has been 150.
The company recently entered into an agreement with a local competitor to acquire the company’s book of business, including only the patients, employees, and referral sources. As such, this separate opportunity is for the acquisition of the licenses, provider numbers, and contracts only.
The owner plans to focus on other endeavors after a sale but will assist during a reasonable transition period. The buyer will need to bring their own staff.
The asking price for this opportunity is $250,000.
